Terminal recession - what is it?
Submitted by A-ryhmä on 13 January, 2013 - 21:18
February 3rd at 2 PM at Kupoli of New student house, Mannerheimintie 5 B 7th floor
The present recession is not an ordinary hiccup in capitalist circulation. A terminal recession results as economic growth hits the limits of cheap energy. The amount of free labour de-grows. Various efforts of adjusting the so-called real economy to the end of growth follow. We have to expect not only uncertainty but also an increase in authoritarian tendencies.
Introduction by Tere Vadén
