This is the fifth in the important series of essays by the former editors of Monthly Review analyzing the ongoing crisis of global capitalism. Following the multiple interconnected stock market crashes of October 1987, the economies of the capitalist world entered a new and dangerous phase of the crisis that began in the 1970s with the end of the post-WWII boom. Sweezy and Magdoff argue that far from being a temporary setback, the events of late 1987 are rooted in the nature of the capital accumulation process itself and therefore unlikely to be reversed. Their argument is especially prescient when viewed in light of the financial meltdown of 2008.
- ISBN10 085345776X
- ISBN13 9780853457763
- Publish Date 1 January 1988
- Publish Status Active
- Publish Country US
- Imprint Monthly Review Press,U.S.
- Format Paperback (US Trade)
- Pages 78
- Language English