Monday, April 6, 2020

The capitalist economy is collapsing.

Can any thinking person still argue that the capitalist economy is not in the process of collapsing?


But, the source of the problem is a crisis of overproduction- in other words, workers are so underpaid they can not afford to buy back what they have produced.


The coronavirus did not cause this economic collapse but was a factor in making the crash come faster and harder.


It’s going to be a long, long time before the capitalist economy “rebounds.” Many people will now suffer as Wall Street tries to place the burden of this economic crisis on the backs of the working class... but the richest of the rich will make huge profits from the misery they have created by being so greedy.


Like with the coronavirus, many of the filthy rich will suffer the consequences of the monopoly capitalist economic crisis, too; but they will not suffer like working class families even though they will cry the loudest.