Marxian crisis theory: Class Conflict, Wages and Crises

Taken from BBC series MASTERS OF MONEY: Marx. A nice little illustration of the catch-22 situation that capitalists encounter, according to Marx, regardless of whether wages are high or low.

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Capitalism only for nicer in some areas, and that was a concession to disgruntled segments of society who were looking to overcome capitalist relations itself. The new deal took place primarily because of political instability - the unions were strong in America and abroad and the Bolsheviks were proving another way was possible