Capitalism Versus Planet Earth

Keynes’ remedy is predicated upon the unstated assumption that there is ample capital in private hands to be invested once the propensity to consume has been invigorated.

As was said earlier, Keynes’ solution to a capitalist recession was to reinvigorate the economy with government expenditure.

The Credit Crunch is the result of the combined effect of two inter-related but separate trends: on one hand, the pressure on the rate of profit to fall and, on the other hand, the incessant accumulation of capital.