Reply To: Is capitalism collapsing?

Exactly ALB.   But surely also “the value of labour power” would decline under these circumstances if workers were paid less for any length of time? What I am trying to say is that discrepancies between wage levels and the value of labour  power can only ever be short term phenomena governed by fluctuations in the demand for labour built into the capitalist trade cycle – meaning there is a long term tendency for each to equilibrate with the other.  You cant possibly have a long term discrepancy lasting all of 90 years where these two things consistently diverge  which is what has been suggested  It just doesn’t make sense in terms of Marxian theory.