[Marxism] Eight Theses on the Economic Crisis

[brad bauerly]

>>>"the current economic crisis is most definitely rooted in the
profitability of production, and the decline in the return on investment">>>

Are you disaggregating ROI into financial and manufacturing?  Because
originally you said it was a crisis of manufacturing, mining, utilities,
etc. and now you just say ROI.  The two might be different. I don't think
leo and sam are saying that it has nothing to do with decreasing returns on
financial investments, quite the contrary, and the two are obviously not
separate in any concrete way.

Sure, the US is getting the collapse it avoided in 2001 and the one it
avoided in 1998, and so on, and so on.  That is the point, the displacement
of the contradictions of one moment led to *new* contradictions, not a
recurrence of the same crisis.

Is your argument that the financial sector sucked up investment that would
normally have gone to production, which led to a decrease in ROI in
production?

-- 
Brad A. Bauerly
PhD Candidate,
Political Science
York University
Toronto, Canada
647-345-2072
bauerly at yorku.ca