Patrick Bond wrote: > In my view, the proper conception of 'crisis' is Robert Cox's, when the > internal logic of a system is inadequate to get the stabilising and > equilibrating forces back into play, and an external shock outside the > logic of the system (i.e. devalorisation in the case of capitalist > crisis) is required.
devalorization is "outside the logic of the system"? it seems a normal part of even the mildest cyclical "crisis." And there are degrees of crisis, from a cyclical downturn (e.g., the one at the end of Geo. Bush père's term) to the crisis implied by the rise of the USSR back in the 1920s. If there is a "real" crisis, I'd define it in terms of its undermining of the legitimacy of the capitalist system. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante.
