What the world economic crisis teaches us about capitalism (audio lecture)

What the world economic crisis teaches us about capitalism

What sort of an economy is this, if failed speculation in the most remote spheres of finance brings production to a halt and radically increases the poverty of the masses?

What sort of a country is this, if banks are its most crucial element? What do unprecedented government bailouts of the banks reveal about the wealth of modern nations?

What sort of a world economy is this, if a nation’s standing is determined by its ability to successfully uphold its collapsed financial sector?

The answers to these questions suggest that the capitalist system doesn’t deserve to get back on its feet, but to be abolished. The domination of capital reveals its absurdity and brutality all the more in times of economic crisis, when the expansion of capital – because it doesn’t succeed – strangles the entire material life-process of society. We invite you to listen and find out.