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Politics : World Affairs Discussion

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To: ChinuSFO who started this subject	8/19/2003 5:47:01 AM
From: GUSTAVE JAEGER	Read Replies (1) of 3959

The Multiple Crises of Global Capitalism by Walden Bello Janaury/February 2003 The drama of whether or not the United States will invade Iraq has temporarily drawn the attention of many from a deepening economic crisis that is shaping up to be the worst crisis of global capitalism since the Great Depression 70 years ago. The Multiple Crises of Global Capitalism What makes the current conjuncture particularly volatile and unique is the way the chronic crisis at the heart of the system of production is unfolding alongside a massive crisis of the system of reproduction of global capitalism. That is, the crisis that analysts from Joseph Schumpeter to Joan Robinson to Robert Brenner have called capitalism¹s crisis of overproduction, or overcapacity, is intersecting with a crisis in the reproduction of the ideological and political processes that sustain the productive system. [...] canadiandimension.mb.ca

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