Text Box: The dialectics of the crisis. 

What drives change and evolution in different systems and in our society as well are opposing forces, opposing sides, point and counterpoint (contradictions or thesis and antithesis). The contradictions of the system cause gradual changes which usually lead to turning points (negation) where a significant qualitative change occurs. (Synthesis or negation of the negation)
The understanding of the major contradictions of the system is a crucial step in the comprehension of the systemís dynamic.
What is the main contradiction of capitalism? Marx claimed that the major contradiction is between the forces of production (working class) and the relations of production (capitalism).  In the developed capitalistic societies this contradiction fades with the creation of wealth and the shift of paradigm from a society based on the intensity of production to a society based on knowledge and information.
In my opinion one of the major contradictions of modern capitalism is the Capitalism's growth imperative and the limitations of our society to cope with this imperative.
Capitalism cannot exist without permanent and substantial growth. (Sales people know very well that next yearís target will be higher the current yearís, regardless the state of the market). This characteristic of capitalism, which other systems as feudalism lacked, has been a major factor for its success. Creativity and technological innovation offer space of development. The expansion of the consumption basis (globalisation) created new potential to developed economies.
 But as it often happens a factor of success can change into a factor of disaster. What happens when the system cannot satisfy the growth imperative? It creates a fictitious growth without real value creation (bubbles). Inevitably the fictitious growth results in destruction. (Crisis)  After a major destruction, the condition of Capitalismís growth imperative is complied. We observed booming of economies after WWII and other big wars.

Iíll leave the current financial crisis and as case study Iíll mention the upcoming Chinese crisis.

In the occidental word the growth imperative is imposed by market institutions which in many cases behave irresponsibly. In China the growth rate is imposed mainly by the government and it should approach a two figures number.
Last week Beijing announced that the gross domestic product (GDP) of China had increased by 8.9% in the third quarter of the year after 7.9% increase in the second quarter. Despite exports depression because of slower demand in Western countries, growth should reach the goal of 8% announced by the Government earlier this year.
Thanks to a massive expansion of bank credit and public investment, China has maintained this incredible growth rate. The gigantic cash injection amounted to 4,000 billion Yuan (390 billion Euros) in two years, equivalent to 13% of GDP of the country.
As result monster overcapacities are being built and nobody knows where they will be absorbed.  Despite the crisis in the construction sector, 200 new cement production lines are under construction. Overcapacity in the cement industry in China is estimated to be at least 300 million tonnes, which represents the equivalent of the annual consumption of India, the United States and Japan combined! 
But the government is happy as the growth imperative has been accomplished.

But change moves in spirals not circles. After destruction a new starting point is created a little bit higher than the previous one. Up to the point where the accumulation of all these quantitative changes will lead to a major