[p2p-research] Berardi essay

[Michel Bauwens]

Really brilliant Andy, I'm citing you on June 30 on the blog, with the
response of Kevin already added.



>
> But I'm not sure the current crisis is actually the coming-home-to-roost of
> the underlying systemic problems such as peak oil, climate change and
> overproduction/underconsumption.  It's the latest in a series of "bubble
> bursts" arising from financialisation in the 80s, which was itself a kind of
> "crisis management" of the 70s crisis (which was more structural).  Granted
> this is the biggest so far, but in the last fifteen years we've had the
> Russian collapse, the Mexican crisis, the Argentine crisis, the East Asian
> crisis,


Why not accept a in-between stage. It is not the final crisis of capitalism
as such, but neither just one more financial crisis. It is in fact the
Sudden System Shock that periodically ends long waves of development. In
other words, it is a new 1929. there a lot of evidence pointing to this
crisis being system, but not apocalyptic.
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://listcultures.org/pipermail/p2presearch_listcultures.org/attachments/20090526/e4c5b510/attachment.html>