Global Capitalism in Crisis: Karl Marx & the Decay of the Profit System

by Murray E. G. Smith

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Providing a Marxian analysis of the origins, implications, and scope of the current economic downturn, this critique of global capitalism argues that the ongoing crisis is not merely a result of overProduction and problems with credit and finance, but rather a deep-seated systemic failure of capitalism itself. The discussion clearly roots the present economic slump in the history of capitalism and contends that, in order to find a more permanent solution, the crisis needs to be understood structurally, as the result of a failed theory, rather than as an aberration.
  • ISBN10 1552663531
  • ISBN13 9781552663530
  • Publish Date 23 July 2010
  • Publish Status Active
  • Publish Country CA
  • Imprint Fernwood Publishing Co Ltd