No, economic crises were not eliminated in the USA and Western Europe in the end of this century. The theories of Smith (? he died way before this century) and Keynes did not succeed in abolishing the capitalist business cycle, even in the imperialist centers. In addition, a structural crisis of a reduced industry and loss of industrial jobs occurred in the 1980's. This new type of crisis aggrievated unemployment, poverty etc.
But more, even during the boom phase of the business cycle , the non- crisis phase, there is mass poverty, unemployment, homelessness, alcoholism and drug addiction, premature death, widespread crime , including violent crime (especially in the U.S.)
workplace alienation and toil, unnecessary workplace hazards, racism , male supremacy and numberless other social , economic and political problems. The crisis aspect of the business cycle is not by itself the trouble with capitalism in the U.S.A. and Western Europe. Capitalism is continuously socio-economically rotten.
Charles Brown
Detroit, U.S.A.
>>> chang <chang at PUBLIC.SHENZHEN.CNGB.COM> 10/28 9:15 PM >>>
Dear everyone,
I'd like to know whether numberless crises once took place in the USA and West-European countries at the beginning of this century. Also, I'd like to know whether these crises were eliminated by the theories of Adam Smith and Keynes, or by the solutions I have mentioned before. If these crises were eliminated by the solutions I mentioned before, do you think whether the Russian government should take my solutions into account in the elimination of its economic crisis?
Thanks
------------------------------------------------ If you want to know what is the solutions I have mentioned before, you can take a look at <http://www.geocities.com/WallStreet/Exchange/3058/only.html>
-- Sincerely, Ju-chang He
SHENZHEN, P.R. CHINA Welcome to visit My Home Page at <http://www.geocities.com/WallStreet/Exchange/3058/> or <http://www.geocities.com/~juchang/>