Financial crisis has been with us since 2007. Not much is changing. Have the established forms of capitalism failed? Chris Smith urges us to think about the economy from a progressive perspective.
Global capitalism continues to lurch from one crisis to the next, just as any good Marxist account of reality tells you it is destined to do. The US, the world’s largest economy and lynchpin of global capitalism is having its credit rating downgraded for the first time in its history. Whether this downgrade by one ratings agency turns out to be as universally damaging to the workings of Continue reading →