Thread: is there a conspiracy behind the Global economic downturn?

do you think the US government had somethin to do behind the global economic downturn? did they drafted it? or it just happened?

Lol! No, its just part of the irreversible agony of Capitalism, in this phase Imperialism declines . that`s all, face it.
Everything is going on as we previously forecasted, USA is epicenter of the world crisis.

Nearly two decades ago the disintegration of the USSR was celebrated by capitalism as "the end of communism" and of History itself; now capitalism itself faces its own implosion in its metropolitan centers, in the United States, Europe and Japan. The post 1989/91 myth of an apparently triumphant liberal capitalist system, including the fantasy of a "uni-polar world" centered in the "unchallenged" American Empire has collapsed.

The strongest capitalist superpower on the planet, capitalist America as a whole, not solely the evaporated US "sub-prime mortgage market", is transformed into the most "toxic asset" of the global system. Trotsky had predicted that America rising to world hegemony accumulates all the world contradictions as dynamite in its foundations. This dynamite, accumulated during a century of expansions and crises, of wars and revolutions, is now exploding changing the shape of the world in the 21st century.

The current crisis is the culmination and supersession of all previous major systemic crises from the break up in 1971 of the Bretton Woods framework that attempted to avoid a relapse to the Great Depression pre-war years, to the financial shocks of the '80s and '90s (the 1984 Latin American ‘tequila crisis', the 1987 Crash, the 1997 Crash, centered in Asia and followed by Russia's default in 1998, the burst of the US ‘dot.com economy' in 2000, the recession of 2001-2002, Enron's debacle, Argentina's default etc) throughout the decades of finance globalization.

In the period 2002-2006, the spiral of the crisis was deflected and the two interconnected engines of US credit expansion and China's industrial growth drove a relative upturn of world economy. But now, the two engines are stalling. The contraction of world economy tries to eliminate the enormous amounts of surplus capital both fictitious and productive that obstruct the process of capital accumulation

Capital is not a thing but a social relation. The explosion in the foundations of the system is driving the tectonic plates of society changing all social relations and international relations. A way out from the impasse can be opened only through a series of historic confrontations between the conflicting social forces, first of all, between capital and labor. In other words, the solution of the crisis depends, at the last instance, from the confrontation between social revolution and counter-revolution on an international scale. The central task of the international working class and of its vanguard is the urgent political, programmatic, organizational preparation by all theoretical and practical means for this confrontation.

Not really, but there's A HUGE DEEP conspiracy behind 9/11.

The US government -- primarily the Congress -- is "behind" a lot of what happened. However, incompetence is not a conspiracy, no matter how rampant it is.