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

DS 121 creative e-booklet based on your chosen material (major project)

Convene the members of your creative e-book project. Be sure that you have read and studied your chosen material very well. Submit a creativ...