It's not true that "capitalism had come out stronger after each financial crisis". No. Just as we speak, capitalism is facing its greatest crisis ever. I could elaborate further but I want to be concise. It's not because there isn't a global financial crisis that the capitalist mode of production isn't facing a crisis itself. Unemployment and underemployment have never been higher in times of economic growth. The signs are everywhere, you need only to be able to see them.
While I agree with you that things are getting worse, I don't think it will accelerate the end of capitalism, instead I think what is happening is the capitalist economy is just going to push itself further away from humanity until humanity and capitalism are totally separate from one and other, once that happens only then do I really see a crash happening but it will probably resemble less of a revolution more the fall of a civilization.
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Preuss
Don't get me wrong, I don't mean to be too negative. It's a nice piece, I just disagree with some things.
Preuss
It's not true that "capitalism had come out stronger after each financial crisis". No. Just as we speak, capitalism is facing its greatest crisis ever. I could elaborate further but I want to be concise. It's not because there isn't a global financial crisis that the capitalist mode of production isn't facing a crisis itself. Unemployment and underemployment have never been higher in times of economic growth. The signs are everywhere, you need only to be able to see them.
While I agree with you that things are getting worse, I don't think it will accelerate the end of capitalism, instead I think what is happening is the capitalist economy is just going to push itself further away from humanity until humanity and capitalism are totally separate from one and other, once that happens only then do I really see a crash happening but it will probably resemble less of a revolution more the fall of a civilization.
by lyon; ; Report