Essay:The Mysterious Destruction of Productive Forces: Difference between revisions

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During the 1929 Great Depression, the [[Bourgeoisie|elites]] sought to rescue their plummeting profits by outright destroying usable inventory, such as livestock and grain.  
During the 1929 Great Depression, the [[Bourgeoisie|elites]] sought to rescue their plummeting profits by outright destroying usable inventory, such as livestock and grain.  



Revision as of 05:39, 11 July 2023

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During the 1929 Great Depression, the elites sought to rescue their plummeting profits by outright destroying usable inventory, such as livestock and grain.

Aggregate demand fell because the commoners had less money to spend, so the only way to salvage profitability was to reduce supply, thus increasing prices.[1]

The same is true of the current crisis. So far in 2022, 16 major food industry facilities in the U.S. have mysteriously caught fire.[2] In Canada, 43 train cars of potash, an important input material for feritlizer, mysteriously derailed.[3] And more.[4]

It sounds a lot like the capitalist system is trying to again reign in the productive forces in a dying last-ditch effort to push back against the Tendency of the Rate of Profit to Fall.

See also

About

This is a draft essay by Jucheguevara. Feedback is welcomed on the discussion page of this essay.

References