Financial or Multi-Dimensional Crisis?
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the global economy based on the profit-only bottom line tendency (and on the appropriation of value produced by one group by another group). For many among this group, the present problem has its roots in the period after the end of the Second World War and begins with the post-war economic reconstruction of Japan and Germany/Europe. They want us to re-examine and fundamentally change the way we organize our economy and manage our society.
Perhaps a revealing analysis is the fact that from post-World War II onwards, there has been progressive degeneration of the ‘real economy’ and progressive growth of the ‘finance economy’. Real wages, productivity and demand have fallen or shrunk. With many new locations of increased production and capacity, we are also now faced with the problem with overproduction.
Over the years, political, industrial and financial
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