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View Full Version : Economic Crises and Income Share of the Capitalist Class



Victus Mortuum
13th October 2010, 06:13
I saw this statistic earlier and was astonished at how telling, how obviously this shows the inability of private/dictatorial ownership of the means of production to properly deal with the economic forces at its disposal. I'd be interested in seeing a fully developed crisis theory that incorporates capitalist income/wealth share v. the worker share, falling rate of profit, rapidly improving means of production, overproduction, and credit/debt creation.

Anyway,

Thoughts?

FSL
13th October 2010, 08:52
That's like Marxism in one picture, nice.

Die Neue Zeit
13th October 2010, 14:52
I think comrade Paul Cockshott has a cohesive take on crisis. Unlike David Harvey he goes into labour values more, and distinguishes especially between surplus value (which expands) and profits (tendency of the rate of profit to fall).