Capitalism Criticism 2.0
Karl Marx’ Crisis Theory is More Actual than Ever
by Volkhard Mosler, 11/9/2008
“Capitalism contains crisis as rain clouds contain rain,” said Jean Juares, the 19th century French socialist.
Profits increase in the neoliberal model, not investments (Nicolas Krowall). The competitive pressure drives businessmen to reduce the share invested in labor and wages. Instead, they invest in technology so they can produce just as much with less human labor. The result is disastrous for the whole system.