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24. The Structural Crises

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Chapter Summary

Joseph Schumpeter gave the name 'Juglar cycle' to the industrial cycle in order to distinguish it from the 'Kondratieff cycle'. Like Juglar, Kondratieff presents statistics on the evolution of prices with the aim of proposing a periodisation of capitalism. The 'new technologies' recently employed in industry constitute capital's answer to the strong and organised labour movement of the 1960s, which challenged the 'scientific organisation of labour'. The technique of successive shifts was applied in many industries, especially in those of continuous process, during the post-war period of growth, but today it tends to become generalised and is accompanied by other forms of flexibility of the working time with the onset of the current structural crisis. The structural crises characterised by a fall in investment and a rise in unemployment create favourable social conditions for the rate of surplus-value to rise.

Keywords: capitalism; industrial cycle; Juglar cycle; Kondratieff cycle; labour movement; structural crises



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