government essentially works with big business to keep smaller businesses down

they do this through excessive regulation and taxation

as well as subsidies and nationalization

We can agree on a number of things which characterized the latest crisis, but I of course don't support the ABCT. I also don't subscribe to the conventional narrative that crises are merely departures from the usual tendency of the market economy toward equilibrium, automatically adjusting prices so that the supply of commodities corresponds to the demand for them. I believe such economic turbulence, the kind of which we've experience just recently, is a direct result of a propensity for crisis within capitalist development which has been there since the very beginning.

I guess we agree that collusion between the state and business is bad but I think I am better off with more regulation but I feel your would disagree

if it wasn't for regulation the boss would work everyone as long and hard as he wanted

he would do whatever makes a buck no matter what impact it made on the worker

well of course some regulation is required

we're talking about overregulation

which strangles small businesses and keeps more from forming

that's why we have regional monopolies

because no more businesses can start up

I think the line between over regulation and regulation is a matter of opinion

I believe crises results from a breakdown not in the systems capacity to produce enough wealth, but in its capacity to generate enough profit. It is an issue of surplus and not scarcity.

explain lemon

yes explain this

I am not sure if I understand you I am not the smartest man

I would be the first to admit

The overproduction of commodities and the overaccumulation of capital into fewer and fewer hands has led to numerous crises throughout history. I cannot explain in great depth due to time-constraints and the nature of the platform we are using to communicate, which certainly isn't conducive to exhausting theoretical discussions about technicalities relating to economic history, etc. But I'll obviously refer you to the historical record, as well as Marx's theory of capitalist crisis.

Oh, there's this too...

Oh no @Deleted User he’s back

http://journals.sagepub.com/doi/abs/10.1177/0486613412447058

i understand where you are coming from here

overproduction is certainly a problem

I think dr wolff was talking about this but I might be off base that there is a crisis of capitalism as wealth is concentrated the goods produced pile up as the market for those goods shrink, am I on the mark or talking out of my ass?

I can just feel the iq of lemon eminating out of my screen

top cat shush

Sorry

This was from another chat

well you do have a point there quis

howdy top cat I am new here I am a old man but babbie leftist coming here to learn from others

however that wouldn't really happen

supply and demand would take care of that

Dr. Richard D. Wolff has talked about it a number of times. His "Economic Update" videos and podcasts are very good.

the crisis of capitalism i do not believe is really a crisis

yeah I listen to them weekly

I love his stuff very easy to access and in plain language

doesn't scare normal folks away by draping himself in the hammer and sickle

Yeah, he's also quite witty and engaging.

there has been isolated incidents of course of capitalism failing like so, but overall supply and demand, competition and the invisible hand of the free market keeps itself stable

Lenin is also one of his influences, which is dope.