Economic Crisis and the Transition from Capitalism

Economic Crisis and the Transition from Capitalism Surendra J Patel The current economic crisis, a slowing down of the world economy, is building up highly disruptive pressures at the most vulnerable points, particularly the Third World countries. Its epicentre is in the capitalist countries, which have not surmounted the two-century long periodic occurrence of long (Kondratiev), medium (Juglar) and short-term (Kitchin) cycles, often ending in serious crises.