In the review of the Erwan Moysan book
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In the review of the Erwan Moysan book at https://www.worldsocialism.org/spgb/socialist-standard/2020s/2026/no-1461-may-2026/book-reviews-bregman-moysan-brown/:
‘His explanation for the collapse of such state-led capital accumulation was that in the USSR it led to a ‘crisis of absolute overproduction of capital’ — and so to a slowing down of capital accumulation — due to a labour shortage caused by agriculture being so backward that not enough workers were being released to work in industry. The only way out was abandonment of the type of state capitalism that existed in industry there and a move towards the sort of capitalism that existed in the other capitalist countries.’
Question: what is ‘absolute overproduction of capital’?
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