Ensayo

The War Crisis – 1929
Capitalism, the system of production for profit, has reached a dead end. The plague of mass unemployment, underemployment, low wages, destruction of benefits, social servicecutbacks, and mounting poverty is overcoming the system and bringing unrelieved disaster to the multinational working class and the oppressed peoples of the world. In addition to the threat to theworking class, the life-sustaining character of the environment of the planet is in dire danger.
An entire generation of workers is facing a dismal future. For a growing majority, capitalism has in storeonly unemployment, marginal work and unskilled, low-paid jobs as the system incorporates more and more skills into software and machinery. Technology and the world-wide wage competition orchestratedby the employers continue to drive wages down.
Among the most poisonous political and social consequences of the crisis are the intensification of racism, the growth of the prison-industrial complex,the rise in the persecution of immigrants and undocumented workers, and the war on women and lesbian, gay, bi and trans people. The ruling class seeks all means to sow division among the masses inorder to divert attention from the failure of the economic system and the growth of obscene inequality.
These are the ultimate and inevitable consequences of the laws of capitalist development, whichare what drive the evolution of the profit system. Capitalism has now entered a new stage in which low growth, stagnation and acute crises are the “new normal.” The historic cycle of boom and bust —when the economy, after crashing periodically, rose again and reached new heights — is over.
Capitalism has generated dozens of periodic cyclical crises since at least 1825, when the first realinternational crisis of overproduction swept the globe. But the present crisis goes far beyond the normal cyclical crises.

The crisis occurs in 1929, also known as Crack the 29 is so aggressive that...