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Preview of Global Capitalist Crisis
🔗 Source: inek.org.cy
📊 Size: 448 KB
👤 Author: User
⬇️ Downloads: 130

Summary

The 2007-2008 global capitalist crisis is a deep, historical crisis of extreme capitalism, characterized by a divergence between labor productivity and real wages, leading to increased exploitation of labor. The rate of profit has not declined, but rather increased in the years preceding the crisis, with the US, EU-15, and Japan experiencing rises in profitability from 2000 to 2007. The crisis is not due to a fall in the rate of profit, but rather other factors, and the rate of profit has begun to recover since 2010, despite ongoing economic crisis and social consequences.

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The 2007-2008 global capitalist crisis is a deep, historical crisis of extreme capitalism, characterized by a divergence between labor productivity and real...

Technical Information

  • File Format: PDF
  • File Size: 448 KB
  • Pages: 32
  • Language: EN
  • Author: User
  • Total Downloads: 130
  • Last Updated: 11 hours ago

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