Mass of surplus value, and accumulation 1 1 8; seeking investment in 1980s, 1990s and 2000s 281
Matthews, R C 0 163, 164
Maxwell Empire 233
McCormack, Ga van, on Keynesian measures in japan in 1 990s 216
Menger, Carl 41
Merchants' capital 107
Mergers, international as proportion of total 260; and jumping national state barriers 267
Mexico 218, 221; crisis of early 1990s 224
Michl, Thomas 195, 197
Middle classes, aspirant in poorer countries 221
Migration, state encouraged during long boom 172-3 181; reduces cost of reproducing labour power 173
Military competition, in Bukharin's theory 96; and economic competition 200
Military expenditure, and long boom 164; level during boom 165-6; by US in 2000s 273; and productive/unproductive distinction 127-8
Military hardware, continual role of 268
Military Keynesianism under Reagan 272; in 2000s 273
Military state capitalism 15 6
Military-industrial complexes 168
Mill, John Stuart 67; denies possibility of general crisis of overproduction 56
Mills, C Wright 331
Minford, Patrick 230
Mining disaster in Guangdong, China, in 2005 245
Minsky, moment 64, shifts 283
Minsky, Hyman 64
Ministry of International Trade and Industry, The (MITI) 171
Mobutu, Sese Seko 185
Modzelewski, Karol 204
Mohun, Simon 126
Monbiot, George, on Stern Report 313
Monetarism, and slump 145; takes over from Keynesianism 192-3, 297; and inflation in Britain 1980s 193;
failure of in early 1980s 193, 201
"Monetary measures" 149, 162; Keynes's scepticism over 370
Money capital 61,107; mobility of 107; growth of pools of 283
Money supply, growth in Britain 1980s 194
Money, Marx's account of 27; as universal equivalent 27
Monopolies 90-91; growth of 15; and crises, according to Hilferding 91
Monopoly profits 90
Monopoly stage of capitalism, in Lenin's theory 93-5
Morales, Evo 346
Mortgage bubble of early 2000s 286
Moseley, Fred 126, 195-6, 1 97; calculations of profit rates for mid 2000s 232
Mouffe, Chantal, and Laclau, Ernesto 349
MST Brazil's landless workers movement 346
Multinationals, weight in global economy 257; dependence on home base for much profitability 260, 264; dependence on states for trade negotiations 265; and role of states in aiding accumulation 265; US, affiliate sales mainly local 261 see also Transnationality index
Multinational capitals, conflicting agenda 268
Multiplier effect 162
Multipolarity 274
Mumbai, textile strike of 1982-3 345; Anti-Muslim riots of 1992-3 345
Mutual Assured Destruction (MAD) doctrine 268
Nasser, Abdul 185 see also Egypt
Nation states and global crises 301
National Bureau of Economic Research 191
National Energy Policy, report of 2001 319
Nationalisation by former colonies 185
NATO 180; expansion into Eastern Europe 272
Nature, and capitalism 307
Nature of Capitalist Crisis, The (John
416
Index