Nov
20
2009
“The stupendous productive power developing under the capitalist mode of production relatively to population, and the increase, though not in the same proportion, of capital values (not their material substance), which grow much more rapidly than the population, contradict the basis, which, compared to the expanding wealth, is ever narrowing and for which this immense productive power works, and the conditions, under which capital augments its value. This is the cause of crises.”
Karl Marx, Capital, volume III, chapter XV.
I hope that someday all these polls asking “who is to blame for the current recession?” will offer multiple choice options that extend beyond simply “Democrats? Republicans? Or both?”.
