[lbo-talk] Austerity In The Face Of Weakness

Doug Henwood dhenwood at panix.com
Tue Aug 31 21:33:24 PDT 2010


On Sep 1, 2010, at 12:13 AM, Patrick Bond wrote:


> There was much confusion in the ranks of some Marxists (names available upon request) who believed that a revival of superficial profitability (failing to discount financial fluff) from the mid-1980s through 2007 meant there was no 'crisis' in the Marxian sense. Phew, did they get that wrong.

If that was a crisis and this is a crisis, then the word has lost all its meaning.

Doug



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