*Carchedi/Roberts persistently ignore the contradictory effects of rising productivity, and reorganizations of company structure, on the profit rate.
*Moseley believes wrongly that "capital in general" and "competition of capitals" exist only at different levels of abstraction, even although they coexist and interact all the time. *Oddly, Heinrich believes that Marx must have abandoned the concept of capital in general, and equally oddly, Heinrich thinks that the credit system cannot alter the industrial rate of profit, as if the only effect the credit system has, is to alter the cost of borrowing to producers. All of them ignore: (1) that capital in general must include non-productive capital assets external to c, v and s, and therefore the commercial interaction between productive and non-productive sectors, (2) that if the profit rate on production capital declines, production capital itself will be devalued, (3) that technological revolutions and wars can lower the average organic composition and increase s/v at the same time. The search for a purely mathematical proof of capitalist decline is fruitless, since it fails to deal with qualitative change in the modus operandi of the system. J.
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