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.
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.