I received a very good question on my ask.fm:
“Can you sketch out a devaluation crisis/scenario that would collapse capitalism?”
I could only partially answer the question, because of the limited space allowed by ask.fm. In my answer, I was only able to set the premises of my particular scenario for capitalist collapse. I want to extend my remarks here to fill in whatever blanks may exist.
Here is the most important premise I will be using in the following scenario, which is, of course, open to question:
The capitalist mode of production is in a permanent and continuous state of overaccumulation of capital. This condition Marx described as capital having reached the point where no new capitalist investment can increase profits. Under these conditions, each increase in capitalist investment of new capital has the paradoxical effect of reducing profits. This gives rise to a mass of capital that cannot be productively employed and a population of workers who cannot find productive employment.