The term "crisis," attached to the global
ecological problem, although unavoidable, is
somewhat misleading, given its dominant economic
associations. Since 2008, we have been living
through a world economic crisis the worst
economic downturn since the 1930s. This has been
a source of untold suffering for hundreds of
millions, indeed billions, of people. But insofar
as it is related to the business cycle and not to
long-term factors, expectations are that it is
temporary and will end, to be followed by a
period of economic recovery and growth until
the advent of the next crisis. Capitalism is, in
this sense, a crisis-ridden, cyclical economic
system. Even if we were to go further, to
conclude that the present crisis of accumulation
is part of a long-term economic stagnation of the
system that is, a slowdown of the trend-rate of
growth beyond the mere business cycle we would
still see this as a partial, historically limited
calamity, raising, at most, the question of the
future of the present system of production.
<http://www.monthlyreview.org/100101foster.php>Link
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Posted By johannes to
<http://www.monochrom.at/english/2010/01/economy-and-ecology-and-why-term-crisis.htm>monochrom
at 1/05/2010 12:34:00 PM
