Capitalism Must Die! A Series in Parts: Part 21

profit margin of goopThere is conflict within the capitalist class over the character of growth: concrete surplus value extracted from labor power on the one hand, vs., on the other hand, forms that are increasingly unstable (such as debt, deficits, and fictitious or inflated value based on speculation). As industrial production has surpassed the capacity of markets to consume its products, the pressure of too much capital to invest has forced states to relax regulations and allow more fictitious value into their economies, leading to the current global dominance of the financial/investment sector.

2013-06-09T12:00:34+00:00