[Marxism] Lutte Ouvriere on the long crisis of the capitalist economy
philipferguson8 at gmail.com
Thu Jan 30 14:00:17 MST 2014
The capitalist economy has not gotten out of the current crisis, which
started off from the financial crisis in 2007 and 2008. Not only has the
long recession of the 1970s become the form under which global capitalism
has since existed, but in the succession of recessions and temporary
recoveries, the recession phases have tended to be longer and more serious
while the recovery phases did not actually mean recovery. This aspect is
perfectly illustrated by the last five-year period during which the
collapse of the banking system was avoided, but in which there has not been
any true rebound of productive activity.
The most meaningful indicator showing how incapable the economy is of
finding its way out of the crisis - and also the most important from the
point of view of the exploited classes - is. . . .
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