Finanzkapital lenin biography
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Luxemburg versus Lenin
Paul Mattick 1935
Source: Anti-Bolshevik Communism. Paul Mattick, published by Merlin Press, 1978;
Transcribed: by Andy Blunden, for marxists.org 2003;
Proofed and corrected: by Geoff Traugh, July 2005.
Rosa Luxemburg as well as Lenin developed from the Social Democracy, in which both played important roles. Their work influenced not only the Russian, Polish and German labour movement, but was of worldwide significance. Both symbolised the movement opposed to the revisionism and reformism of the Second International. Their names are inseparably entwined with the re-organisation of the labour movement during and after the World War, and both were Marxists to whom theory was at the same time actual practice. Energetic human beings, they were – to use a favourite expression of Rosa Luxemburg’s – ‘candles that burned at both ends’.
Though Luxemburg and Lenin had set themselves the same task the revolutionary revival of the lab
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Finance capitalism
Economic system that prioritizes accumulation of money and securities over production
Finance capitalism or financial capitalism is the subordination of processes of production to the accumulation of money profits in a financial system.[6]
Financial capitalism is thus a form of capitalism where the intermediation of saving to investment becomes a dominant function in the economy, with wider implications for the political process and social evolution.[7] The process of developing this kind of economy is called financialization.
Characteristics
[edit]Finance capitalism is characterized by a predominance of the pursuit of profit from the purchase and sale of, or investment in, currencies and financial products such as bonds, stocks, futures and other derivatives. It also includes the lending of money at interest; and is seen bygd Marxist analysts (from whom the term finance capitalism originally derived) as being exploitative by supply
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Rudolf Hilferding
Austro-German economist, pediatrician, journalist, Marxist theoretician and politician
Rudolf Hilferding (10 August 1877 – 11 February 1941) was an Austrian-born Marxist economist, socialist theorist,[1] politician and the chief theoretician[2] for the Social Democratic Party of Germany (SPD) during the Weimar Republic,[3] being almost universally recognized as the SPD's foremost theoretician of the twentieth century.[4] He was also a physician.[4]
He was born in Vienna, where he received a doctorate having studied medicin. After becoming a leading reporter for the SPD,[3] he participated in the November Revolution in Germany and was Finance Minister of Germany in 1923 and from 1928 to 1929. In 1933 he fled into exile, living in Zurich and then Paris, where he died in custody of the Gestapo in 1941.[1][5]
Hilferding was a proponent of the "economic" reading of Karl Marx, iden