ABSTRACT
Economic crises are the natural product of capitalist economic development. Economic crises in the capitalist society are inevitable. This is determined by the basic contradiction of capitalism. The basic contradiction of capitalism also inevitably leads to economic crises because the contradiction inevitably manifests itself in a contradiction in which the production of individual factories is organized while social production is chaotic. The economic crisis of overproduction is a special feature of the capitalist economy. Capitalist economic crises tend to worsen steadily. Economic crises further intensify the basic contradiction of capitalism. Economic crises intensify class contradictions in the capitalist society. Fiscal and financial crises, like economic crises, are an inevitable result of a further intensification of the basic contradiction of capitalism. Economic crises fully expose the transitory nature of the capitalist system, revealing the existence of antagonistic contradictions between capitalist production relations and productive forces.
