#books

https://marxandphilosophy.org.uk/reviews/18742_workers-self-management-in-argentina-contesting-neo-liberalism-by-occupying-companies-creating-cooperatives-and-recuperating-autogestion-by-marcelo-vieta-reviewed-by-jerome-warren/

"The crisis of the U.S. system and of late capitalism as a whole is one of overaccumulation. Economic surplus is generated beyond what can profitably be absorbed in a mature, monopolistic system. This dynamic is associated with high levels of idle capacity, the atrophy of net investment, continuing slow growth (secular stagnation), enhanced military spending, and financial hyperexpansion. The inability of private investment (and capitalist consumption) to absorb all of the surplus actually and potentially available, coupled with government deficit spending, leads to growing amounts of free cash in the hands of corporations. The result is the rise of a system of asset speculation that partially stimulates the economy due to the wealth effect (increases in capitalist consumption fed by a part of the increased returns on wealth), but which is unable to overcome the underlying tendency toward stagnation."

https://monthlyreview.org/2021/01/01/the-contagion-of-capital/