How useful is the Marxian concept of ‘the global overaccumulation of capital’ in explaining the global economic crisis that began in 2008?
January 4, 2024January 4, 2024
Discipline: Economics
Expand on Marx’s concept of the global overaccumulation of capital. Discuss the perpetual tension between capital accumulation and labor welfare. Talk about the contradictions arising from profit maximization and labor exploitation.
# Analysis of the limitations in applying Marx’s concept to the 2008 crisis.
# Mention alternative economic perspectives and political factors that contributed to the crisis.
include empirical examples and very importantly include counterarguments
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