TheOldGreyWhistle wrote:Brian
TheOldGreyWhistle wrote:
Brian wrote:
I agree its the anarchy of production which is the cause of a crisis and not overproduction which is an effect. Paradoxically without the anarchy of the market capitalism wont exist. Basically, a crisis is the result of capitalism running out of steam with the potential for profit no longer visible. Capitalism can only pick up steam once its gone through the process of destroying the existing value and creating a more level playing field by ridding itself of some of the distortions in the market.But like Marx explains the solution of one problem only creates further problems.
The ‘anarchy of production’ is capitalist production – So capitalism causes crisis? Not very helpful to an economist trying to heal capitalism but why should that concern us?
Because it provides us with the ammunition to say ‘Capitalism is beyond healing and its in our interests to speed up the process’. And, ‘In anticipation of that occurring lets start digging the grave by preparing and planning for the future society’.