[R-G] Poverty of Crisis Debate

[Richard Menec]

On Wednesday, October 01, 2008 at 11:47 PM Yoshie wrote:
> What are the underlying causes of crisis -- overaccumulation,
> overproduction, underconsumption, or what?

> Thoughts?

"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 
profitability."

- Walden Bello, Foreign Policy in Focus.

Full article at: http://www.fpif.org/fpiftxt/5560