The Economic Crisis and Why Capitalism Produces Crises
- 1 Outline: Capitalist crisis/es
- 2 Questions for language groups
- 3 Readings
Outline: Capitalist crisis/es
Introduction: What is it all about?
- Main stream presentation of the recent successive and current crises
- So, main stream responses...
- ... that we will question.
« Crisis/es », What is it? Global view
- Manifestation of crises
- Historical articulation : what is the « point of departure » ?
- Liberal interpretations of the « self-regulating market » ( J.B.Say's law).
- Marx' and Keynes' common criticism of “Says's law”...and their internal differences.
Marxist analysis of crises. Basic notions.
- Different types of crises of capitalism: approaches based on the anatomy (dissection) and on the history of the capitalist system.
NB : A system has the crises expressing its substance...
- The long term history...
- Capitalism as a « World System » and « Permanent Revolution »
- The system's « long waves » ( E. Mandel)
- Some anatomy
- The cycle of capital.
- The main sources for crises.
Return to the current crisis/es, with this double approach (historical and anatomical)
- A crisis within the whole history and succession of structural crises...
- Anatomy: A crisis in the heart of the real economy...integrating the financial sector.
- Producing for profits, no matter the social, human and ecological costs.
- Interlocked crises...coming from the very essence and from the history of the system
Questions for language groups
Suggestions for discussions (to choose... in addition to clarifying questions)
On the notions
- If crises are interruptions or slowdowns of the « growth », during an increase in growth, does this mean that everything « goes fine »?
- When it is said that there is a « crisis of overproduction » (where there is more supply than demand), does this signify that there is overloading of the needs?
- The experiences from countries with centralised planning have been with high levels of costs and waste. Does market competition not permit a reduction in costs?
On the challenges of the current crisis/es
- Is a return to 'The Thirty Glorious Years » - or other regulations of capitalism – possible?
- Which resistances inside / against the system?
- François Sabado, "Report on the international situation: The crisis overdetermines all of world politics – Taking the measure of the crisis (2)", Report given at the meeting of the International Committee of the Fourth International in February 2009
- "The Economy in a World of Trouble — Interview with Robert Brenner", Against The Current, n°139, March-April 2009
- Joseph Choonara, "Marxist accounts of the current crisis", International Socialism, n°123, June 2009