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international / anti-capitalism / opinion/analysis Wednesday July 24, 2013 22:11 by Padddy Hackett  16 comments (last - monday august 12, 2013 19:50)
Neither public nor private debt is the problem. Instead public/private debt is a product of the problem of profitability. Because of the lack of profitability debt has ballooned thereby reinforcing the problem.
For capitalism to economically recover a very deep depression involving massive reductions in the value of labour power and social welfare spending is a necessity. The only other (authentic) option is global communist revolution.
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