Keynesian economics claimed to have overcome the problem of economic depressions. However, as Mattick argues that crises are inherent within capitalism and that neither the market nor Keynesianism can stop "the steady deterioration of the economy". Written in 1974, Economic Crisis and Crisis Theory is one of Mattick's most valuable contributions to the Marxist critique of political economy and radical theory in general.
"Taking refuge in the idea of spontaneity is indicative of an actual or imagined inability to form effective organisations and a refusal to fight existing organisations in a 'realistic' manner. For to fight them successfully would necessitate the formation of counter-organisations, which, by themselves, would defeat the reason for their existence."...
This interview was given in February 1975. It was never published. Initially it was aimed to be part of a radio programme on workers' councils which never went on the air. A French translation was added to the second French edition of Workers' Councils (Spartacus, November 1982). Reprinted from Vol. 4 "Workers Councils" -- Anton Pannekoek (ECHANGES), where it appeared as an appendix.
Mattick reconsiders the legacy of Rosa Luxemburg, particularly her critique of Bolshevism and her economic theory.
It will soon be sixty years since the mercenaries of the German social-democratic leadership murdered Karl Liebknecht and Rosa Luxemburg. Although they are mentioned in the same breath, as they both symbolized the radical element within the German political revolution of 1918, Rosa Luxemburg's name carries greater weight because her theoretical work was of greater seminal power.