By Nicky Dempsey
All societies based on social classes tend to produce surplus value, to a greater or less extent. The character of the society may be determined by which class receives the bulk of the surplus.
The economic and financial crisis that became apparent in 2007 and 2008 was located primarily in the imperialist centres, led by the United States. The crisis was engendered by a crisis of profitability, a reduction in the surplus available to the capitalist class. Economic policy since that time has been designed to restore as far as possible the greater proportion of that surplus to the capitalist class in the imperial centres.