True, it's different now than when Marx and Engels wrote their theory of crises. Back then it was basically a perfect 10 year cycle that only stopped as monopolies began acting as a countervailing force to the anarchy of production.
Those create new problems (namely financial imperialism and stagnation), that eventually lead to a return of regular crises. Kinda like holding your finger over a hose.
I think the dominance of the speculative market is creating an even more rapid cycle of crises.
Once in a lifetime, folks.
*once every 10 years
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True, it's different now than when Marx and Engels wrote their theory of crises. Back then it was basically a perfect 10 year cycle that only stopped as monopolies began acting as a countervailing force to the anarchy of production.
Those create new problems (namely financial imperialism and stagnation), that eventually lead to a return of regular crises. Kinda like holding your finger over a hose.
I think the dominance of the speculative market is creating an even more rapid cycle of crises.
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