[Marxism] After deep recession, not much of a recovery

Philip Ferguson philipferguson8 at gmail.com
Sun Aug 17 22:45:09 MDT 2014


Normally a deep recession or slump, and especially a major depression, is
not only a sign of the sickness of the capitalist system but also part of
the cure, paving the way for a new round of dynamic accumulation.

Both Michael Roberts and Lutte Ouvriere (and no doubt others) have noted
this hasn't really happened with the partial meltdown that began with the
subprime crisis in the USA.

We've put up two articles together on Redline, looking at this: Michael
Roberts' "The myth of the return to normal" and LO's most recent statement
on the world economy.

They can be found at:
http://rdln.wordpress.com/2014/08/18/michael-roberts-on-the-myth-of-the-return-to-normal-and-lutte-ouvriere-on-the-current-state-of-the-world-eocnomy/



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