The boom phase of the industrial cycle is of particular interest for crisis theory. It is only during a boom that capitalist expanded reproduction develops with anything approaching full force. But because it is developing vigorously, so too do its contradictions grow until they again find vent in a crisis.
Month: February 2025
From Crisis to Boom
The capitalist industrial cycle consists of four major phases: crisis, stagnation, average prosperity, and boom.
Genocide Joe
On Wednesday, Jan. 15, 2025, five days before Donald Trump took office, an agreement was announced for a ceasefire to take effect the following Sunday, Jan. 19. President-elect Trump sent Steve Witoff, like Trump a New York City real estate magnate, to negotiate — or rather, lay down the law — to the Netanyahu regime.
When Israeli leaders protested that it was Saturday, the Jewish Sabbath, Witoff, who is Jewish, swept these pious objections aside. He said that the Netanyahu regime would have to agree to terms established the previous May.
None of the tricks that worked under Trump’s predecessor to stop a ceasefire worked this time. It was an offer the Zionist entity could not refuse.
Concrete and Abstract Industrial Cycles
Section 3: Industrial Cycles
No two industrial cycles are alike, just as no two snowflakes are identical. Each industrial cycle is shaped by numerous non-cyclical factors, including technological, political, and military influences, as well as the discovery of new natural resources unique to that cycle.
A Critique of Crisis Theory 