> Michael Smith wrote:
>> ...As the Twenties, then the Thirties, so now. Stay tuned: will 1939
>> recur, too?
>
> How else does devalorization of overaccumulated capital on the scale
> now required occur? Sure, the financial capital gets burned up (is it
> now over $25 trillion?), but the massive gluts in the real sector
> still need to be brought down to the point a new round of accumulation
> can get going.
>
> Last time, yes, 1939-45 was a necessary way of clearing away all the
> economic deadwood, from London to Dusseldorf to Tokyo.
>
> Nukes or not, Dennis, it's times like these that serious geopolitical
> games get underway and internecine tensions between capitalists and
> their states become sharper.
Are you saying WWII started because the British/Germans/Japanese/Americans wanted to destroy a lot of fixed capital?
SA