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Zombie Capitalism Global Crisis and the Relevance of Marx
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413
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Zombie Capitalism Global Crisis and the Relevance of Marx
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Internationalisation of system and crisis of 2008-9 301

International mergers, acquisitions and alliances in 1980s and 1990s 256

Investment flows, concentrated in Triad 263

Industrial countries' investment from 1960s to early 2000 (table) 282

Investment, in US in 1920s 146; global 1960-2000s 232; uneven and spasmodic growth of productive in 1980s, 1990s and early 2000s 282; productive at low level in industrial countries in 2000s 287; inflows into US and military power 273; to stop climate change "not possible" 313; resistance to low energy investments 312

Iran 183; economy under Shah 185; in 1979 351

Iran-Iraq War, role of US in 269

Iraq Study Group 274

Iraq War of 2003 319; rationale for 273; cost of to US 274; refusal of France and Germany to back 274
Irag 185

Iraq 185

Ireland, under Fianna Fail, not neocolony 185

Iron law of wages, rejected by Marx 31
Iron rice bowl 244, 340

Israel, last example of old style colonialism 184; attack on Lebanon, 2006 274; and US imperialism 274, 184

Italian knitwear industry 261

Itoh, Makato, and Lapavitsas, Costas, finance and productive capitalists not two separate groups 298

Japan, during long boom 170-1; industrial output 1940s to 1970s 161; fixed investment 1946-61 171; increase in share of global output during long boom 198; growth through 1980s 211; crisis of 1990s 9, 21 1-217, 325; explanations for crisis of 212; rate of profit 212; investment 216; crisis compared with USSR crisis of late 1980s 217; recovery in mid 2000s based on exports of equipment to China; car firms in the US 256, 261 , 281;

growth of working class 1951-98 333

Jayadev, Arjun 294

Jevons, William Stanley 41; on sunspots and economic crises 56

Jiabao, Wen, quoted on instability of Chinese economy 249

"Just in time" production methods 261

Kahn, Richard 162

Karabakh 208

Karachi, Sunni-Shia and inter-ethnic clashes 345

Kautsky, Karl 82, 292; rejects revisionist argument 89; finance capital, industrial capital and war 91-92; ultra-imperialism 92, 185; on colonialism and control of agrarian parts of world 95; on capitalist nationalisation 1 1 5

Keegan, William, 149; criticises Marx 68; and short-termism 294; on superiority of Japanese model 211

Keynes, John Maynard 10; and underconsumptionist theories of crisis 59; causes of slump 145; crisis of 1 930s 1 50; cautious 162; on rentiers 294; liking for version of labour theory of value 44-5; "Animal spirits" 150; declining marginal efficiency of capital 162; socialisation of investment 162

Keynesian measures, seen as reason for long boom 161; rarely used in long boom 163-4; failure of in late 1970s 200-1, 297; in japan in 1990s 215, 216; limited effect of 217; as national solutions 301

Keynesianism 11; as explanation for long boom, 163-5; problems with 1 95; marginalised after 1 970s 193; crisis of 1 91-3; revival during crisis of 2007-9 300; left wing illusions in 303; and neoliberalism today 303; bastard 1 62; radical 1 1

Kidron, Mike, on a world of state capitalisms 104; on Marx and productive and unproductive labour 127; on waste and organic composition of capital 130; on Marx's model and rate of profit 130- 1; on impact of arms spending 165;

Index

413