Crisis with captalism over?

[Davie zepeda]

Do you all on rev left think the economic crisis is over?

[mykittyhasaboner]

Lol, capitalism is a crisis system. Its never over, until capitalism is over.

[Davie zepeda]

yes but is the crisis over or not?

[LOLseph Stalin]

yes but is the crisis over or not?


Probably not. There's still people losing jobs on a mass scale. Besides, the crisis that is Capitalism will never be over until we eliminate it.

[Davie zepeda]

Comrades i understand what your point is capitalism is a virus that needs to be cured. But did we as revolutionary's miss a good chance to stir up class war, Is the crisis that was once here gone?

[STJ]

I dont think so.

[commyrebel]

Its still here its still going to be here for a couple years

[Psy]

It is not over by a long shot, the fate of the workers at the big automakers are still up in the air and the full ramifications of massive lays offs across most industries has yet to make their way to the bulk of society.

[Kukulofori]

Eh? What could possibly lead you to believe the crisis is over?

[NecroCommie]

I have seen no signs that would indicate even a slowing descent, let alone a rise in economics.

[Coggeh]

I don't know where you get your info from , but if anything this looks like its only going to get worse.

[ComradeR]

It's far from over. And even then the policies the imperialists are enacting are doing nothing to fix the faults in capitalism and is only setting us up for an even greater crisis down the road.

[Klepto]

Our glorious leaders and the media tend to talk up the economy in order to inspire confidence. Even when the whole capitalist system was teetering on the brink they tried to give the impression it was a minor blip. Here in the UK I can see the recession lasting another year or two, but we were particularly dependent on the financial services sector.

IMO it's not all that bad this time, it's the next downturn (about a decade from now) that really scares me. The changes that needed to be made to the economic system have not been made, instead there has been a massive (and massively short sighted) transfer of public cash to private hands.

[cb9's_unity]

All the capitalist economists seem to be predicting that the economy is gonna go down hill for about another year or two before it starts to recover. I haven't really heard anyone disagree with that so i'm assuming theres some truth to it.

Sometimes you have to wonder how many times this is going to happen before people start to realize the cycle is un-breakable.

[Cooler Reds Will Prevail]

One thing I've noticed is that a lot of media portrayal of the economy is based on the stock market... So the market goes up to 8,000+ and all the media outlets are peeing their pants in glee.

It's hard to gauge the crisis since a lot of the interpretation is so politically motivated... Capitalists are trying as best they can to play it off like ain't no thing, and a lot of communists are acting like it's the fucking rapture or some shit. The cappies are smart man, they'll figure out a way to recover their profits and convince the people that the economy is getting better, if you want better pay you should work harder, if you can't find a job it's your fault, etc. etc.

Ultimately I don't even know if we should be asking ourselves if the crisis is over... People will be starving after the crisis, people will be homeless, unemployed, oppressed, exploited... Our approach post-official crisis should be the same as it is during, but obviously taking advantage of capitalism being in a particularly precarious situation right now.

[Wakizashi the Bolshevik]

Lol, today the crisis "officially" began here in Belgium.
Not over at all!

[piet11111]

the stockmarkets can be manipulated and since the capitalists have a lot riding on consumer confidence you can safely assume that they are now doing everything they can to manipulate the stockmarkets to paint a positive picture of recovery.

the next phase of the crisis is going to hit us soon only now the blows will fall in the real economy (instead of the banks)

[YoungScouseRed]

It is never over until the people stand up, unite and destroy the capitlaists!

[Lynx]

Sometimes you have to wonder how many times this is going to happen before people start to realize the cycle is un-breakable.
Unfortunately, many people accept the cycle as being inevitable :(

[chimurenga]

Economy will always b in crisis as long as capitalism exist.:(

[Bilan]

It's not even close to over. It's only just unfolding.

[Killfacer]

It's not even close to over. It's only just unfolding.

This, it certainly isn't over.

[STJ]

I think the economy will get alot worse before it gets better.

[Andropov]

This is only the start, remember that the economy must completely bottom out before the depression turns around.
Many say that the injection of trillions into the banking sector and the car industry etc will only perpetuate the depression.

[cyu]

Just depends if you believe the media companies that are controlled by rich men.

See http://www.google.com/publicdata?ds=usunemployment&met=unemployment_rate#met=unemployment_rate&tdim=true

[RedStarOverChina]

I was sort of expecting that China, India and Brazil would lead the capitalist system out of the recession when this thing got started.

Though it's by no means over for the developed capitalist countries, the forementioned countries (especially China and Brazil) seem to be spearheading the recovery.

The rise of the former underdogs has extended global capitalism's life-span for the moment, it seems.

But this could only lead to more discontent in the developed world, as power shifts from traditional capitalist countries towards the emerging economies.

[cyu]

From http://sweetandsour.soup.io/post/16498117/Irony

1949 - Only communism can save China.
1979 - Only capitalism can save China.
1989 - Only China can save communism.
2009 - Only China can save capitalism.

...so sad...

[STJ]

I hope this crisis wakes up some people to our ideas.

[piet11111]

I was sort of expecting that China, India and Brazil would lead the capitalist system out of the recession when this thing got started.

Though it's by no means over for the developed capitalist countries, the forementioned countries (especially China and Brazil) seem to be spearheading the recovery.

The rise of the former underdogs has extended global capitalism's life-span for the moment, it seems.

But this could only lead to more discontent in the developed world, as power shifts from traditional capitalist countries towards the emerging economies.

then where is the recovery in china or brazil ?

i have not read anything that even hints of recovery so far.

[Comrade Anarchist]

i dont think it is over but i think it will rebound within the next 2 years

[More Fire for the People]

Crises are endemic to capitalist property relations. When this one is over, another is in its incipient form.

[himalayanspirit]

The economic crisis is far from over yet because it is built upon a ponzi scheme. At least thats what the economists from the Austrian school are claiming nowadays. The real market fundamentals depend on manufacturing sector, supply and demand etc, where as the present ponzi economy of the US is based on financial markets, financial gambles or tools for money manipulation etc etc. As far as I can see, the US is really fucked up. Only things that are manufactured completely in the US are cars but even they are going bankrupt or towards heavy losses. Everything else is imported if its a good or outsourced if its a service. So indeed the economy is really going to screw much more now.

Somehow I am very sure that the stocks are being manipulated heavily by the capitalistic wall street classes. Every day more and more bad news with shrinking economies, bankruptcies, unemployment, diseases (swine flu) etc, and yet the markets are going up consistently? Thats really strange.

[Psy]

The economic crisis is far from over yet because it is built upon a ponzi scheme. At least thats what the economists from the Austrian school are claiming nowadays. The real market fundamentals depend on manufacturing sector, supply and demand etc, where as the present ponzi economy of the US is based on financial markets, financial gambles or tools for money manipulation etc etc. As far as I can see, the US is really fucked up. Only things that are manufactured completely in the US are cars but even they are going bankrupt or towards heavy losses. Everything else is imported if its a good or outsourced if its a service. So indeed the economy is really going to screw much more now.

Somehow I am very sure that the stocks are being manipulated heavily by the capitalistic wall street classes. Every day more and more bad news with shrinking economies, bankruptcies, unemployment, diseases (swine flu) etc, and yet the markets are going up consistently? Thats really strange.

The real market fundamentals depend on producing commodities, meaning everything from producing cars to providing communications. The problem is that that the finical crisis sparked a crisis of general over production as the cheap credit that was fuelling consumption has dried up thus the capitalist system has all this surplus value and nowhere to invest, the stimulus packages destabilizes the capitalist system more and was the worst reaction the capitalist class could done as it just amplifies the crisis of over production as now you have even more money chasing the same few investments causing further downward pressure on the rate of profit.

[Wakizashi the Bolshevik]

We mustn't fool ourselves: this crisis will be overcome.
The only question is: at whose expense? The capitalists or the Working Class?

[Q]

Do you all on rev left think the economic crisis is over?

Why are you asking the question? To me it is obvious the current crisis is only just unfolding its full rampant rage around the world, so I'm wondering how you can observe the exact opposite.

[Psy]

We mustn't fool ourselves: this crisis will be overcome.
The only question is: at whose expense? The capitalists or the Working Class?
It will only be overcome by planting the seeds of even larger crises, since the stagnation of the 1970's world capitalist has gotten more and more unstable with each crisis, capitalists are still trying to solve the problem of the falling rate of profits and their solutions only temporarily restore the rate of profit at the cost of further destabilization of capitalism. This crisis has already got to the point were more capital has been destroyed then currently exists on Earth so I doubt capitalism will last that many more decades.

[cyu]

Every day more and more bad news with shrinking economies, bankruptcies, unemployment, diseases (swine flu) etc, and yet the markets are going up consistently? Thats really strange.

It's not really strange at all. It is only capitalist propaganda that tries to convince everybody that what's good for the stock market is good for everyone. If a bubble or pyramid scheme is hitting record highs, does it really mean everyone is better off? Hardly.

Each share of stock is a portion of control over a corporation. If employees assumed democratic control over their companies, all stocks would be worthless - since stock ownership no longer give you corporate control. Thus if workplace democracy were established, the stock market would crash. Would that be bad for the working population? Of course not - it would be the exact opposite. Instead, it would only be bad for people who make most of their money off the backs of their employees.

[Stranger Than Paradise]

The crisis is not over in thier eyes. But there was always a crisis in ours.

[STJ]

Not even close yet.

[Oktyabr]

All the capitalist economists seem to be predicting that the economy is gonna go down hill for about another year or two before it starts to recover. I haven't really heard anyone disagree with that so i'm assuming theres some truth to it.

Sometimes you have to wonder how many times this is going to happen before people start to realize the cycle is un-breakable.

http://www.revleft.com/vb/our-society-t107538/index.html?t=107538

I mention that the whole system is engineered to provide cheap labor for the owner of the industries in my paper.