[p2p-research] crisis of capitalism

[Chris Watkins]

If you want to tempt us to watch a one-hour preview (or realize that some of
us will never find the time for it) it would help to tell us something about
what the "crisis of capitalism" *is* about.

I don't see a "crisis of capitalism" in the current financial crash. The
capitalist economies could drop their incomes by 50% and still be in a
better state than Cuba, the former Soviet Union and other "alternatives".

Which is not to say we can't do better: we can, whether through tweaking or
much larger reform). And it's not to say there isn't a crisis: the current
system's way of dealing with our environment has worked in some ways, but
failed drastically in managing our climate, which is by far the most
critical challenge we face.

On Sun, Feb 15, 2009 at 13:20, Wittel, Andreas <andreas.wittel at ntu.ac.uk>wrote:

> This is perhaps the most interesting approach to understand the crisis of
> capitalsim I have come across.  Rick Wolff says it's not a financial crisis,
> the core problem is not money, interest, speculation etc.. It is also not
> about neoliberalism and deregulation of markets, the core of the problem is
> the classical Marxist take of the tensions between owners of means of
> production and workers.
> All very well explained. I am not an economist, but the analysis is
> convincing.
> Here you can watch a one hour preview:
> http://www.mediaed.org/cgi-bin/commerce.cgi?preadd=action&key=139
>
> best,
> Andreas
>
>
>
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-- 
Chris Watkins (a.k.a. Chriswaterguy)

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I like this: five.sentenc.es
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