what-is-marxism-all-about-by-fist
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World View Forum, 2012, paperback, 108 pages, photos, charts,<br />
bibliography. Available in Engl<strong>is</strong>h and Span<strong>is</strong>h.<br />
Capital<strong>is</strong>m at a Dead End explains that the economic cr<strong>is</strong><strong>is</strong>, which<br />
began in August 2007, marked a turning point in the h<strong>is</strong>tory of capital<strong>is</strong>m.<br />
Th<strong>is</strong> <strong>is</strong> more than just another severe capital<strong>is</strong>t cr<strong>is</strong><strong>is</strong>. The<br />
author contends that the system will not bounce back; it will not<br />
return to the normal capital<strong>is</strong>t boom-and-bust cycle.<br />
For decades the capital<strong>is</strong>t class has used the revolution in digital<br />
technology to increase productivity of labor at record rates. Fewer<br />
workers are needed to produce more goods and services in less time<br />
at lower wages. Th<strong>is</strong> has led to a series of “jobless recoveries” which<br />
keep getting worse.<br />
Goldstein uses Marx’s laws of capital<strong>is</strong>t accumulation and the<br />
declining rate of profit to show why global capital<strong>is</strong>m has fin<strong>all</strong>y<br />
reached a tipping point. Employers have increased the productivity<br />
of labor to such an extent that as soon as the system starts up in a<br />
growth curve, production rapidly outstrips demand in the market<br />
and overproduction kicks in to block further growth. Then come<br />
stagnation, economic contraction, and mass unemployment.<br />
To order books, contact FIST: f<strong>is</strong>t@fightimperial<strong>is</strong>m.org or search on amazon.com
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