Sunday, March 30, 2008

Crisis of overproduction and underconsumption

super-profit motive of the Global North

shift to capital-intensive production to boost profit

mass lay-off of workers

workers' income declines

workers' purchasing power decreases

underconsumption of goods produced by factories

dumping of excess products to the Global South
to ensure sustained generation of profit

economic dislocation of producers in the Global South

e-booklet (major project) May 13

Convene the members of your book project. Be sure that you have read and studied your chosen material. Submit an e-booklet featuring/inspire...