Yes, a good Marxist theory of overaccumulation and territorial contestation offers space for partial devaluations and uneven development.
> In any case, the rate of profit *rose* from 1982 through 1997, despite
> the best attempts of Marxists to adjust that rise away.
If the profits are increasingly drawn from a corporation's financial maneuvres, instead of from surplus value extraction, the best attempts of Marxists to track crisis conditions will be well rewarded. Had you read these comrades a bit more seriously, Doug, you wouldn't have been so flumoxed by the events of 2007-08.
> And "overproduction of commodities" despite the highest consumption
> share of GDP in U.S. history?
It's all relative; don't you find it mind-boggling, the ability of East Asia to pump out commodities, even today, into saturated markets? Burkett and Hart-Landsberg have some of the fine-tuned details.
> And overaccumulation of capital despite the lowest rate of investment
> of the last 5 expansions?
Yes, sustained overaccumulation in the US manufacturing sector is to blame for subsequent periods of relatively low investment. We've been saying all these things for some time - are you just getting it now, Doug? Join us!