286/YOUR MONEY OR YOUR LIFE!to another expansive long cycle, and so on.... The long waves are not
just empirically demonstrable. They do not simply represent
statistical averages for given time spans. There is nothing "formal" or
"conventional" (i.e., in the last analysis, arbitrary) about them. ...
They represent historical realities, segments of the overall history of
the capitalist mode of production that have definitely distinguishable
features. For that same reason, they are of irregular duration' (E.
Mandel, Long Waves of Capitalist Development: A Marxist Interpretation,
Verso, 1995). Such historical periods are characterised by a
'productive order' or 'accumulation regime', with a specific mode of
accumulation of capital, type of material productive forces, mode of
social regulation, type of international division of labour and repro
duction scheme.
MARKET TYRANNY
'This means nothing less than the right of those among whom the
money-capital is concentrated, after having made it and greatly
increased it, to take for themselves a disproportionate share of the
wealth created through the production process' (Serfati, in Chesnais,
1996).NEW DEAL
This term appeared for the first time at the US Democratic Party
convention in Chicago in July 1932.Itwasto refer to the experiment
attempted in 1933 by President Franklin Roosevelt, to end the deep
economic crisis that the US had been going through since 1929. The
expression New Deal covered a series of measures from aid to the
worst-hit economic sectors to social reforms. From 1938 on, a new
recession occurred and showed the limits of the New Deal. The
economic revival took place thanks to the outbreak of the Second
World War. Roosevelt did not draw up a consistent plan such as the
one implemented by the British Labour government of 1945.OECD (ORGANISATION FOR ECONOMIC COOPERATION
AND DEVELOPMENT)
The OECD includes the 15 members of the European Union plus
Switzerland, Norway, Iceland; in North America: the US and Canada;