[lbo-talk] On the title, "The Endless Crisis"

[Carrol Cox]

Noam Chomsky comments: " The authors carefully develop a powerful case that
the normal state of 'really existing capitalist economies'... is not growth
with occasional recession, but rather stagnation with occasional escapes . .
. ."

An _endless_ 'crisis' is not a crisis but a new stability.  "Stagnation" and
"stability" do not refer to different realities but reflect different
subjective judgments of the same reality. Capitalism, that is, after two
hundred years of endless change may have achieved an internal balance that
will be increasingly proof against disruption. Or put another way: we may
well face a "crisis" of humanity, but capitalism is doing very well, thank
you.

Carrol