Comrade Browne, introducing
Comrade Browne, introducing the item on behalf of Lancaster Branch, argued that the present crisis, as previous ones, had been caused by overproduction and that the only way out would be the destruction of the overproduced surplus through a war as had happened with the crisis of the 1930s. He suggested that this war would be between China and the rest of the world over the resources of the Middle East.Other delegates expressed scepticism about this, arguing that a more likely way out of the crisis would be when wages had fallen enough and assets had devalued (not necessarily physically destroyed) enough to restore the rate of profit, however long this might take.