The general crisis of capitalism was the political-military antagonism between world imperialism and Soviet power. The 1917 Soviet revolution ushered in the general crisis of capitalism after the Bolsheviks established the military dictatorship of the proletariat and placed 1/6 of the world under proletarian rule, and out of reach of the imperialists. Political-military antagonism combined with cyclical crisis of overproduction in all the imperial centers constituted an inescapable crisis of the capitalist system.
With destruction of the USSR and the socialist community, the external threat to capitalism is gone. The systemic crisis of capitalism today is driven by the digital revolution and rebellion of the robotic economy against the limitation of capitalist productive relations. This systemic crisis of capital is a textbook example of the Marxist proposition of that qualitatively new productive forces are birthed in antagonism with the old society and causes social revolution.”
Excerpt From: Darryl Mitchell. “Marxist Glossary Mini Edition 3.0.” iBooks.
Marxist Glossary Mini Edition 3.0 can be purchased at Lulu.com
