Differences

en:crisis-theories [2009/10/08 17:59] eaustreum		en:crisis-theories [2011/07/17 16:37] (current) eaustreum
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	It is fundamental to produce the unity of crisis theories in order to define the current crisis. The current crisis is a crisis of the wage relation, both as the capacity of capital to valorise itself and as the capacity of the reproduction of the working class as such. It is a crisis of realisation, a crisis that exists as underconsumption (//exists as// rather than //manifests itself as//). There are three reasons for this: low productivity, a low level of investment, and the modalities of exploitation of labour power. This last point sums up the others because it is the synthesis of all the characteristics of restructured capitalism. Because it is restructured capitalism specifically that has gone into crisis. Whether one considers the transformations in the labour market, the modalities of the exploitation of labour power in the immediate labour process, the social and collective reproduction of this labour power, the financial globalisation of capital, the transformation of surplus value into additional capital, the contradictions and the limits currently exploding are the same ones which previously constituted the dynamic of the system and which defined the conditions of its development. To consider this crisis as the late outcome of the crisis of the beginning of the 70s ignores the restructuring of capital which took place, that is to say the change from one cycle of struggle to the next.		It is fundamental to produce the unity of crisis theories in order to define the current crisis. The current crisis is a crisis of the wage relation, both as the capacity of capital to valorise itself and as the capacity of the reproduction of the working class as such. It is a crisis of realisation, a crisis that exists as underconsumption (//exists as// rather than //manifests itself as//). There are three reasons for this: low productivity, a low level of investment, and the modalities of exploitation of labour power. This last point sums up the others because it is the synthesis of all the characteristics of restructured capitalism. Because it is restructured capitalism specifically that has gone into crisis. Whether one considers the transformations in the labour market, the modalities of the exploitation of labour power in the immediate labour process, the social and collective reproduction of this labour power, the financial globalisation of capital, the transformation of surplus value into additional capital, the contradictions and the limits currently exploding are the same ones which previously constituted the dynamic of the system and which defined the conditions of its development. To consider this crisis as the late outcome of the crisis of the beginning of the 70s ignores the restructuring of capital which took place, that is to say the change from one cycle of struggle to the next.
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	R.S.		R.S.