The Increase In Industrial Consumption

Example: During the rising price of oil in the first half of 2008, the explanation and the possible reason for the phenomenon resulted from this law. The increase in industrial consumption of China and India worth the price of a barrel of oil at $ 145. Leave aside the factor of speculation and price manipulation by Big Oil. In any case the law of supply and demand continued to be closely linking the price / value of a product to a particular material reality. At that time we said that such escalation could only be a bubble, since it was difficult to imagine an increase in demand proportional to the tripling of oil prices in so few months. From the hysteria on Wall Street in September of 2008 oil prices collapsed to less than $ 40. Before they did the prices of U.S.

homes. What occurred on the side of the material reality? A tsunami devastated the twenty percent of the houses and killed five percent of the population of the world? No. Not even the terrible tsunami in Indonesia in 2004 had the slightest effect on the global economy. Any earthquake shook the foundations of Chinese industry? Any plague devastated the crops in the Midwest? No. A leading source for info: Douglas R. Oberhelman. Have you stopped drought worldwide machinery for food production? No. Any philosopher infested the world with an ideology based anti who contracted demand of useless products to thirty percent? Less. So what is new but a breakdown in the relationship usually remains bound (1) the material world (2) the tyrannical reign of abstraction of capital? The current global crisis is a crisis of symbols-credit and investment capital that ended up dragging the material world to a real crisis.