Why is there always an economic crisis of some sort? | MR Online

And yet another think tank, the Centre for Cities, predicted that a fifth of jobs in British cities were likely to be lost by 2030 with northern towns the worst hit, losing 40 per cent or more of their jobs though automation of relocation overseas.

The causes of, and responses to, crisis are a matter for analysis rather than doctrinal generalisation.

For example, Marx saw a falling rate of profit as central to the capitalist system, but one that could be offset by a variety of factors including: technical innovation, market expansion, colonial exploitation and the imposition of labour discipline (including an assault on pay, on the “social wage,” and on trade union and workers’ rights; privatisation, outsourcing and job insecurity).

It is clear that the first and last of these are key strategies of capital today.


Source: https://mronline.org/2018/02/21/why-is-the...