Status Updates From The Long Depression: Marxis...

The drive for profit in the capitalist sector is behind the inexorable expansion of credit. A fall in the rate of profit promotes speculation. If the capitalists cannot make enough profit producing commodities, they will try making money betting on the stock exchange or buying various other financial instruments.

“What the story of the Great Depression and WW2 shows is that once capitalism is in the depth of a depression, there must be a grinding and deep destruction of all that capitalism had accumulated in value in previous decades before a new era of expansion becomes possible.”

This is seriously fantastic. The best part being it's unapologetic anti-capitalism. The problem isn't debt, it isn't finance, it isn't bad economic management, it isn't a lack of 'effective demand', it isn't greedy capitalists, it isn't a lack of liquidity - it's capitalism and it's inability to reproduce itself. Profit is a limit - it holds us back. We can be so much more.