In his book Contemporary Capitalism, Mr. Strachey echoes Bernstein in asserting that Marx held that the economic laws of Capitalism are such as to not only keep the standard of living of the working class down to a bare subsistence level but owing to the downward pressure which these “laws” exert, force this subsistence level even lower. This leads Marx to conclude, says Mr. Strachey again echoing Bernstein, that vast overproduction, leading to a final economic collapse and violent revolution would inevitably follow. Like Bernstein Mr. Strachey never offers to really explain what these laws are, nor how they are supposed to operate.