>>> "James Heartfield"
The subprime crisis is indeed serious, but it is most certainly not the
manifestation of a crisis of overaccumulation, for the simple reason that the Western economies have not experienced overaccumulation - on the contrary, Europe in particular continues to experience historically low
rates of business investment, and has expanded largely through the incorporation of more, and cheaper labour, i.e. extensively.
^^^^ CB: Sorry for coming in late, but is Europe having a sub-prime crisis, too ?
^^^^^^^