ABSTRACT
This chapter discusses the implications for power and policy. Karl Marx writes eloquently about the inevitability of economic crises under capitalism. 'As a matter of principle in political economy, the figures of a single year must never be taken as the basis for formulating general laws. Employment increases, value production and national income expand and we enter a new cycle of economic revival, prosperity, overheating and the next crisis. No amount of capitalist 'self-regulation', no amount of government intervention, has been able to suppress this cyclical movement of capitalist production. The greatest impact of the lack of global growth has been on global class relations. Classes have experienced a rising polarisation of income inequality throughout nations. The problem becomes whether it is possible to get agreement amongst all companies that profit increase depends on meeting corporate social responsibility (CSR) for all stakeholders, direct and indirect. CSR 'has become an industry; it has been hijacked by the consultants and government.
