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{{marxism}} | |||
{{TOCleft}} | {{TOCleft}} | ||
:''Note: the links on this page won't work, it's a draft of the future [[:en:Marxian crisis]].'' | |||
== Dominion Lede == | |||
Currently, the [[:en:Crisis (Marxian)|English]] wiki has the latest text for this subject. | |||
== Overview == | == Overview == | ||
In [[Marxian economics]], '''crisis''' refers to what is called, even currently and outside Marxian theory in many European countries a "conjucture" or especially sharp bust cycle of the regular [[boom and bust]] pattern of what Marxists term "chaotic" capitalist development, which will if no [[John Maynard Keynes|countervailing action]] is taken, mark the transition to a [[recession]] or depression. See for example [[1994 economic crisis in Mexico]], [[Argentine economic crisis (1999-2002)]], [[South American economic crisis of 2002]], [[Economic crisis of Cameroon]], [[Financial crisis of 2007–2009]], [[Great Depression]], etc. | In [[Marxian economics]], '''crisis''' refers to what is called, even currently and outside Marxian theory in many European countries a "conjucture" or especially sharp bust cycle of the regular [[boom and bust]] pattern of what Marxists term "chaotic" capitalist development, which will if no [[John Maynard Keynes|countervailing action]] is taken, mark the transition to a [[recession]] or depression. See for example [[1994 economic crisis in Mexico]], [[Argentine economic crisis (1999-2002)]], [[South American economic crisis of 2002]], [[Economic crisis of Cameroon]], [[Financial crisis of 2007–2009]], [[Great Depression]], etc. | ||
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In Marxist terms, all such crises are crises of overproduction and immiseration of the workers who, were it not for the distribution of wealth based on the capitalist order, would be the determiners of both demand and production in the first place. So it is predicative of a democratic socialist [[planned economy]] that production and consumption are, at least within available technical capability, in sync. Marx in his many works (published and unpublished) suggested several different theories, none of them free from controversy to explain how this worked out in particular circumstances. In his mature work his [[Crisis theory| theory of crisis]] is framed as a ''Law of Tendency for the Rate of Profit to Fall'' combined with a discussion of various counter tendencies, which may slow or modify it’s impact. A key characteristic of these theoretical factors is that none of them are natural or accidental in origin but instead arise from systemic elements of capitalism as a [[mode of production]] and [[Base and superstructure|basic]] [[social order]]. In Marx's words, "The ''real barrier'' of capitalist production is ''capital itself''.<ref>"[http://www.marxists.org/archive/marx/works/1894-c3/ch15.htm Ch. 15 Vol 3 of Capital]". marxists.org</ref> | In Marxist terms, all such crises are crises of overproduction and immiseration of the workers who, were it not for the distribution of wealth based on the capitalist order, would be the determiners of both demand and production in the first place. So it is predicative of a democratic socialist [[planned economy]] that production and consumption are, at least within available technical capability, in sync. Marx in his many works (published and unpublished) suggested several different theories, none of them free from controversy to explain how this worked out in particular circumstances. In his mature work his [[Crisis theory| theory of crisis]] is framed as a ''Law of Tendency for the Rate of Profit to Fall'' combined with a discussion of various counter tendencies, which may slow or modify it’s impact. A key characteristic of these theoretical factors is that none of them are natural or accidental in origin but instead arise from systemic elements of capitalism as a [[mode of production]] and [[Base and superstructure|basic]] [[social order]]. In Marx's words, "The ''real barrier'' of capitalist production is ''capital itself''.<ref>"[http://www.marxists.org/archive/marx/works/1894-c3/ch15.htm Ch. 15 Vol 3 of Capital]". marxists.org</ref> | ||
These systemic factors include the classical 3: | These systemic factors include the classical 3: | ||
