Capitalism has a chance or we have to go to the search for alternatives?
The refund will come close. So far, especially the periphery of the european union, such as hungary, romania or latvia, had to be preserved before the IMF, the world bank and the EU in front of the state bankruptcy, the world bank and the EU, for the first time with greece, a country of eurozone threatens the insufficiency. As another bankruptcy candidates are now traded the eurolander portugal and spain. Also, core countries of the capitalist system stewing under a tremendous debt burden and will be attributable to a high-wet pace. The public debt of japan, the second growing economy in the world, has planned more than 200% of gross domestic product (GDP). Great britain (state, economy and consumer) has already attracted a debt mountain of almost 500% of its GDP. The state US debt should set up a new all-time record this year with 1.6 trillion US dollars. It is absolutely obvious that this rapid progressive debt-orgody of most industrialized countries can not be maintained longer for a long time. Meanwhile, rating agencies threaten to train their first-class credit valuation even the US and gobritain.
As the – smoldering for decades! – crisis with the bankruptcy of lehman brothers manifest was, since the financial markets tumbled on the abyss. Several industrial sites are now involved in financial attention, precisely because they could prevent the economic total crash in 2009 by means of extensive economic programs and trillion-saving rescue measures for the financial sector. How can this once again delay or even stopping momentum again to dynamics and will be thoroughly stopped? Are there any way out of this crisis? If this systemimmanent – ie in the context of the capitalist mode of production – are credited or we have to go to the search for alternatives?
To be adequate to these ies, a clear understanding of the opposite crisis is required. Only thanks to a federal and clear "crisis diagnosis" could be discussed, demonstrated and credited any way out of the crisis.
Short crisis diagnosis: it’s the economy, stupid
The opposite system crisis of the capitalist system aubert especially as a debt crisis. The most important industrialized countries have nationalized the deficit economy since the collapse of the US real estate bubble, which was formerly fueled by an amperive private debt on the prolific financial market.
Since the beginning of the eighties – so since the victory of neoliberalism – the american and later global financial markets grew explosively, at the same time the private borrowing, which became a supporting saille of local, consumed growth, was accelerated, at the same time,. An economic situation based on such (state or private) deficit formation is referred to as a deficit economy.
It seems that capitalism can no longer work for several decades without debt education. Either this process takes place on the financial markets, which caused the collapse of the US real estate bubble, or the states must interpret and generate the need for government deficit formation the necessary demand, as is currently the case. Capitalism thus seems to be a unincendent granted, whose reproduction can only be maintained by (state or private) debt making.
The relatively collapsing financial market-driven capitalism emerged in response to the fundamental crisis of the seventies, when the long post-war boom came to a standstill in almost all industrialized people and the global economy in a long phase of stagflation – an ambient inflation with its economic stagnation – occurred. The deregulation of the financial markets since the eighties and their capable growth was therefore a reaction to a crisis process of the product producing industry. Especially new – if only credit-financed demand could be created. This gigantic snowball system, which was most recently powered by speculation on the US real estate market, collapsed in the wake of the bankruptcy of lehman brothers.
So what love the industrialized countries after the long upswing phase in the golden age of capitalism into the crisis period of stagflation? Sellopp said it was the competitive-driven tendency for active productivity increase in capitalism. Capitalism has simply become productive for himself, which is why we have been confronted with the crisis of our working society for decades, whose systemic causes are ignored by the published opinion. The more obvious economic economic potential is no longer able to produce even ancillary fully employment, the belomer hold the public debate at the target of full employment – and be it by cheap wage and forced labor.
To clarify this complex, worth a close look at the soviet economist nikolai dmitrijewich kondratjew’s theory of the theory of "long economic waves", for those of the easter economical joseph schumpeter 1938 formed the concept of kondratjew cycles. This is a decades-long economic metacyclus, which is borne by newly created key industries, which create new fields of capital utilization and mass employment. A period of the upswing follows a time of downturn, in which productivity increases and market sadition will reduce the profit rate and mass employment in these new key industries. Since the beginning of industrialization, we had to do it with metacyclothes, which are attracted to the expansion of the textile industry and later of the heavy industry, the electrical industry or the chemical industry. Once by progressive technical development, the mass employment in an old sector awarded, new industries created by the same scientific-technical progress, which "excess" worker shots.
System crises occur if the mass employment generated by a particular industrial branch due to rationalization measures, while there are no new occupational areas in novel industries have yet been expelled. Exactly this development has been using since the 1970s in all industrialized people, as the mass-motorized, very long economic wave of the post-war period drained and has developed no new key industries for another long economic wave.
This findings may be suspicious at first glance, as in the 1980s, with microelectronics and information technology, further industries created, which, of course, created workplaces and investment opportunities for capital. Nevertheless, these sectors just do not act as "final industries" in the sense of condratevs. This creates this, above all, investing and massive employment opportunities by interacting with other industries and will also be stimulating and invigorating there. Very good you can use the construction of the railway network in spade 19. Recognize the century or on the mass motorization of the post-war period, the most varied economic impulses demanded.
The microelectronic revolution of the 1980s also looked at the entire economy, but above all by means of mass degradation of workplaces: rationalization and automation maps are rough parts of the classic industrial worker simply. The bill did not go to this time. The new high-tech industries are far less workplaces than in the "old" industries obsolete. The mass army of industrial workers does not follow programmers, computer scientists or web designers. The scientific-technical progress, which – is concrete-mediated – is required by capitalism, at the same time undermines the capitalist mode of production.
For the affected industrialists, two options were given: either, they mercilessly focused on the export economy, such as germany, china and japan, or they formed a deficit economy, which generated the mass borrowing and thus demand for a proliferation financial sector (before in all the USA, but also coincidence, spain, ireland and vast parts of the eastern european periphery of the EU).
The conclusion of our crisis diagnosis is therefore: it is the stormy progress of the productive force-driven progress of capitalism, which undermines the basics of capitalist production. The crisis does not cause its cause in the financial sector, but in the contradiction of the product-producing industry. Especially the excessive proliferation of the financial markets has kept the real economy sufficient under a deferred overproduction by debt-generated demand in life. After these about 30 years of ingenious conspicuous speculative and debt dynamics collapsed, the real economy that fetishized by reactionar capitalism critics threatened "creature", to collapse at his own promotion. Here the states had to step as a last trump of capitalist crisis policy and this deficit economy "nationalize". The credit-generated demand has otherwise collapse, and the industry’s tremendous production capacity then drove into a tangent exhibiting spiral to always new masses, which reduce mass demand and further reduce re-waves.