The capitalist mode of production is doing fine, thank you, however much trouble the current economy may be. Economic collapse is no threat to the capitalist mode of production. Only its revolutionary overthrow can do that. Otherwise, as Rosa Luxemburg recognized, the barbarism can go on more or less for ever. If you don't hit it, it won't fall.
Carrol _____ From: [email protected] [mailto:[email protected]] On Behalf Of robert mckee Sent: Saturday, April 14, 2012 12:18 PM To: [email protected] Subject: [Pen-l] The austerity debate http://thenextrecession.wordpress.com/2012/04/14/the-austerity-debate/ The question dominating mainstream economic policy on the crisis is whether austerity, namely cutting government spending and raising taxes to reduce government borrowing and get public sector debt levels down is the right solution or not. Mainstream economics is divided on this. But it is agreed on one thing: that the aim is to put the capitalist mode of production back on its feet.
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