Why didn't Socialism have Over-production Crises?*

Jul 2nd 2018, Prabhat Patnaik

The period after 2008 has witnessed prolonged overproduction crisis which was not seen in the old socialist economies. A market driven capitalist economy that has its foundations on the principle of antagonism is the source of this glut.

* This article was originally published in People's Democracy on June 24, 2018.


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