Since Kwasi Karteng’s Fiscal Statement the crisis of British capitalism, a very long running programme, has intensified. As the Tory Conference in Birmingham this week has underlined the supposed political representatives of the ruling crisis are deeply split on what to do next.
Engels analysed an earlier crisis thus:
Engels wrote in Anti Duhring (1877)
the headlong gallop of a perfect steeplechase of industry, commercial credit and speculation which finally after break neck leaps ends where it began- in the ditch of a crisis
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