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[...] What is called a crisis of 'under-consumption' results when there is not enough effective demand to absorb the commodities produced.

Workers spending their wages is one source of effective demand. But the total wage bill is always less than the total capital in circulation (otherwise there…

But why this revolutionary impulse in the heart of capitalism and why is capitalism so different from other modes of production? Human beings are clearly fascinated by the perpetual pursuit of novelty, but the social and cultural conditions under which such a fascination can become a central drivin…

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'. [...]

[...] in the case of the human species, which was thereby distinguished from every other species, individuals possess another essential attribute, consisting in their consciousness of their relationship to the common kind. Human beings are not only defined by membership of the human race but …