Brazil
DICKENS, EDWIN (973)-408-3024
EDICKENS at DREW.EDU
Thu Dec 3 12:24:43 PST 1998
Doug, so willing to say the crisis was over, now says that, if Brazil
devalues, "it'll be time to dust off the diaster scenarios again." It's a
lousy commentary on our debates on the causes of crises that we can change
our opinions about whether or not a crisis exists just because a
government decides to devalue. Maybe we should seek the points on which
we agree. Can't Marxists, and radical economists in general, agree that a
crisis is a crisis of overproduction, i.e., crises are rooted in
industrial production? Aren't our debates over the linkages between the
overproduction and the institution of private property in the means of
production that Marx saw at the root of capitalist crises? How can a
depreciation determine whether of not the capitalist system is in a crisis
of overproduction? It's just a symptom, no?
Edwin (Tom) Dickens
More information about the lbo-talk
mailing list