economic globalisation

wdrb at siva.bris.ac.uk wdrb at siva.bris.ac.uk
Fri Aug 18 14:02:16 MDT 1995


Steve Keen predicts:

<Yep; I'd lay odds on a 10% crash in the next month or so. But it
won't stop them going through the same cycle in 2-3 years time!
Fortunately, it won't result in anything like what happened after
'87; but another crash a decade or more away probably will.>

just so we can check your prediction outs steve, do you
mean a 10% crash of the US stock market or of
all the world's stock markets or of the Australian one
or what?

You go on to say:
<Fortunately, it won't result in anything like what happened after
'87; but another crash a decade or more away probably will.>

Why do you say it won't result in another 1987 in 2 to 3 years but
may well in another decade? Do others agree with this? It
does sound unlikely to me but I don't know why?

Where are we in terms of the next recession, where are we in the
cycle?

I've never found it easy to unravel Marx's crisis theory
from periodic business cycles....the left wing parties
(eg Socialist Worker) greet every recession as evidence
of capital's propensity to crisis. When is a
recession 'just part of the business cycles' and when
is it a 'capitalist crisis'....am I alone in my confusion?

Will Brown Bristol  England


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