“For many a decade past, the history of industry and commerce is but the history of the revolt of modern productive forces against modern conditions of production, against the property
A total meltdown has been prevented – well, for now. But thanks to highly efficient networking by IT-enabled services and thorough integration of financial markets, the contagion spread at electronic
Today it is no longer a story of a mere "credit lock" or problems in the “new” or “FIRE” sectors; the rot has already reached the roots of old economy.
Before we proceed, however, we should recall that Karl Marx had to take leave of the international proletariat before he could systematically work up a comprehensive theory of capitalist crisis.
Do the theoretical expositions in Capital tally with the actual working of capitalism today?
Behind the familiar crisis symptoms – we learned in our brief dialogue with Marx – lurks a
The most important message from the unprecedented financial catastrophe and its aftermath is that global capitalism’s strategic response to the crisis of 1970s has failed. That was a three-pronged strategy
