[Marxism] what way out

[abu hartal <abuhartal@xxxxxxxxxxx>]

my concern is that the anticipated profitability from new investments is so 
weak that whatever demand support government spending provides in hopes of 
encouraging new investment will be neutralized by the discouragement of 
investment due to expectations of future higher tax rates cutting into profits. 
In other words, the problem of extant overcapacity can't be solved without a 
new source of "Malthusian" demand, i.e. demand that does not create new supply 
and compound the problem of overcapacity; but such a new source of demand 
cannot be generated without compounding the supply problem, that is 
underinvestment. 
There does not seem to be any way out of the crisis by means of Keynesian 
macro-management. The question is how private investment will be revived. 
Fixing the banks will not be the solution;and the fixation on fixing the banks 
only speaks to the objective illusion that the interruption of circulation 
seems to be caused by a shortage of money. The resumption of private 
investmentwill depend on raising profitability by cutting capital costs 
(perhaps through a wave of employment destroying mergers and acquisitions) and 
raising the rate of exploitation (as a result of renegotiating wage contracts 
in a weak labor market). 
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