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bricolage
9th January 2011, 18:22
I've got the two copies of Aufheben that cover on order so haven't read them yet but I was most interested by this bit;


(1) Through neoliberal restructuring since the 1970s, capital overcame its crisis of profitability and restored its vitality by the mid-1990s.
http://chinastudygroup.net/2011/01/aufheben-global-financial-crisis-china/

This seems to contradict what I've read from other groups, such as TPTG;


The global economic recession of the previous years is nothing but the most recent manifestation of the permanent crisis of reproduction of class relations which started in the 1970s, a crisis that was never truly resolved. The strategy followed by the Capitalist International since the mid-1970s was aimed at addressing the original cause of the reproduction crisis in the developed countries, i.e. the indiscipline and insubordination of the proletariat which in the late 1960s/ early 1970s was extended to all spheres of everyday life, as the class struggles in the workplaces came together with the emergence of a multitude of new proletarian struggles (by women, minorities, unemployed, etc) in the sphere of distribution leading both to an exploitability crisis of labour power and to a legitimacy crisis of the capitalist state and its institutions.
http://libcom.org/library/burdened-debt-tptg

I'm sure other people have made similar arguments.

I'm not too economically gifted so I was wondering what others knew about this, specifically to what extent there was during the 1990s an effective enough restructuring of global capitalism enabling it to overcome to crisis of the 1970s onwards and to what extent this is now being eroded again.

Thanks.

Die Neue Zeit
10th January 2011, 00:27
Too many capitalists have been sitting on their capital for many years. The rate of surplus labour has increased, but the rate of profit or at least real profit has fallen.