[R-G] Poverty of Crisis Debate
menecraj at shaw.ca
Sat Oct 4 13:57:21 MDT 2008
On Wednesday, October 01, 2008 at 11:47 PM Yoshie wrote:
> What are the underlying causes of crisis -- overaccumulation,
> overproduction, underconsumption, or what?
"We're seeing the intensification of one of the central crises or
contradictions of global capitalism: the crisis of overproduction, also
known as overaccumulation or overcapacity.
"In other words, capitalism has a tendency to build up tremendous productive
capacity that outruns the population's capacity to consume owing to social
inequalities that limit popular purchasing power, thus eroding
- Walden Bello, Foreign Policy in Focus.
Full article at: http://www.fpif.org/fpiftxt/5560
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