As more surplus capital went into production during the 1980s, particularly in China, heightened competition between producers started to put downward pressure on prices [...] Profits began to fall after 1990 or so in spite of an abundance of low-wage labour. Low wages and low profits are a peculia…
Whether we can get out of this crisis in a different way depends very much upon the balance of forces. It depends upon the degree to which the mass of the population rises up and says, 'Enough is enough, let's change this system'. [...]
There are various broad fractious currents of thought on the left as to how to address the problems that now confront us.