Marx's Theory of Economic Crisis

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1. Weaker ones (the ones not so good at keeping S/V=C/V equal) fall and the stronger ones feed on them and survive which is at their account, as they obtain mostly C at very low price. If this holds, then consequently capitalism is getting stronger and smarter.
2. If capitalists invent in constant capital doesn't that decrease increase the ratio of surplus value to variable capital? As the worker works much more productive if he has lots of machinery at hand.
3. I have been studying Economics in the view of orthodox Economists. I ever thought Marx's view was just completely wrong, and he just used some outdated concepts given up by orthodox Economists years ago. Today, I looked back in history and reviewed Marx's idea on the operation of capital system, I found a new power in Marx's theory. Today's orthodox economics in fact covers deep conflicts, and they individually fail to solve certain problems. However, Marx saw deeply behind the scene, discovering the forces driving the economy. He might not provide new good solution, but he pinpointed the right problems.
4. The problem with this theory is he never mentions what causes the crash or the economic down fall in the first place to begin with me, whihc is the government.
5. Bad boy video. Do one on the Minsky Moment yo. Namaste
6. LOVE how no one in the comment section is actually engaging the argument, just Marxism as a whole
7. For beginners interested in Marxist theory: the falling rate of profit argument is NOT Marx's "theory of economic crisis" !
   
   This presentation, even as short as it is, naively ignores the question of MONEY (what is,can and must be "money" under capitalist relations of production, the types of money and so on) and the question of REALIZATION (not just production) of all commodities on the market in the form of money (remember no capitalist or worker care about values, we're interested in money).
   
   Also, in a comment made here by Matthew Baillie it was correctly pointed out that:
   
   "The problem is that capital accumulation is constant, but crises are not. This theory would perhaps explain a capitalist end times, with a constant perpetual crisis, but it cannot explain capitalist crises as they are, namely, occasional"
   
   I would highly recommend reading this blog (starting from the very first post) https://critiqueofcrisistheory.wordpress.com/ Thank you.
8. Have anyone tried to empirically test this equations? Do people like Varoufakis apply these theories?
9. capitalism  is the  marx system . lol. what the jews use  as well. hard core control none free capitalism . not that I even know what marx did . must be some good stuff I there . complete free markets flood and go bankrupt . democracy always fails every time . never works cause presidents are dictators and executive orders and federal government . then you have secret services that only start problems to make money for banks and corporations . they only kill competition not enemies. that's at home and abroad . capitalism is extreme dictatorship . take away the federal government and a president or mayor or governor . only representatives / bodies of people that vote then it may work . end secret service there banker hit men . marx then is more right if people work together . need a fair system . capitalism is not it .  all ready run by social paths . never change .  
10. Though Marx was wrong about certain things  , he is still a very good philosopher and economist who deserves some study and acclamation .
11. Believing that a Marxist model is possible after all evidence to the contrary is the definition of insanity.
12. The value of 'constant capital' doesn't change? So machines, cars etc. Don't devalue over time... Immediately falls flat on its face as a theory based on that one fallacious assumption. Pity I have to learn this nonsense for International Political Economy. 
13. The thing is that we don't "produce" anything. Everything is fiat, and the service sector is the most pervasive.  
14. Marx was wrong on every point he said.
    
      Ask people in Switzerland, they are doing fine.
15. Encouraged to understand Marxist view in proper way...!
16. I don't understand why videos like these have dislikes, even if you don't agree with the theory it's suppose to be teaching you what Marx was trying to say 
17. The problem is that capital accumulation is constant, but crises are not. This theory would perhaps explain a capitalist end times, with a constant perpetual crisis, but it cannot explain capitalist crises as they are, namely, occasional
18. Marxist scholars ...lol. 
19. For those interested, check out David Harvey's course here on youtube...
    search: Reading Marx's Capital with David Harvey
    peace.