- Date: Saturday 30th October
- Time: 10:30 - 12:15
- Speaker: Nelson Wan
The 2008 crash and the coronavirus crisis have put the defenders of capitalism in a panic. They have resorted to increasingly desperate measures to save the system. But the contradictions are piling up, with the global economy wracked by instability and inflation.
The ruling class have been left scratching their heads. They have no real answers or solutions to capitalism’s crises. By their own admission, the economic ideas they put forward have proven useless at best, and harmful at worst.
By contrast, with his magnum opus Capital and other writings, Karl Marx long ago provided a comprehensive and lucid explanation of how capitalism works – and how it doesn’t.
Recommended reading: The Marxist theory of crisis, part one
Recommended watching: Crisis and Capital: Why Marx was right