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The Dig: The Capitalist Conjuncture w/ Tim Barker

Jacobin Radio

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The Economics of Global Turbulence

At the end of World War II in 1945 the US accounted for like half of the industrial production of the entire world. The response to a temporary over capacity which was to shed the capacity that wasn't profitable anymore and find a new way of making profits. That's a decades long story which you can still learn from reading Brenner but then the question is sort of what happened after that? I think even if we think that you know capitalism never really solves its crises and in some ways it has been kicking the can down the road since the 70s.

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