“Is it possible for the current crisis to be resolved by a return to more ‘moderate’ capitalist policies such as those of Keynesianism or of the welfare state policies pursued by so many advanced industrial countries from WWII until the 1970s?. ... Capital, cannot, as Capital, concede to demands for a return to a social welfare state....”

"The only demands that “the 99%” could articulate under existing socio-economic power relations, are a return to the conditions that Capital sought to remove through the Capital Strike of the 1970s and through the subsequent neo-liberal assault on the working class. Such a return would not solve the current crisis of the capitalist system. It may bring temporary relief, but at the cost of exacerbating the underlying causes of the crisis in the first place......There is one solution that history has shown to temporarily solve the crisis of over-accumulation brought on by the falling rate of profit: a major world war. While providing temporary economic stimulus, the New Deal did not solve the underlying crisis that caused the Great Depression. It was the Second World War, which was responsible for the mass destruction of a major portion of the productive capacity of the world’s major industrial nations that ultimately created renewed conditions for capital accumulation after the war."


problem here ???

you bet

there are two ways to "destroy capital "

tough love way
blow up productive capacity

easy way :

wage and product price inflation

let us focus on the contradictions enherent in this second pathway ...shall we ...
for now anyway
while the planet still has a single still less then solitary  hyperpower