to Marx, a "crisis" was a short sharp shock, allowing the 
system to eventually re-establish a normal process of accu-
mulation (of wealth for some, woes for the rest). For others, 
a "crisis" is one for humanity and nature, etc. about Some-
thing Must Be Done. 
 
Jim Devine [EMAIL PROTECTED] http://myweb.lmu.edu/jdevine 

________________________________

From: PEN-L list on behalf of Doug Henwood
Sent: Sat 12/11/2004 8:05 AM
To: [EMAIL PROTECTED]
Subject: Re: [PEN-L] Long waves



Devine, James wrote:

>The key problem is that the "crisis" is occurring (in terms of the
>environment, water supplies, immiseration of the world proletariat,
>etc.)

All that's true. One of several reasons it's wrong to speak of
capitalism as being "in crisis" is that it produces all this bad
stuff with tireless efficiency.

Doug

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