Everywhere the cry is: credit crunch!You can smell the sweat on the brows of
bankers as their necks are squeezed by the tightening credit noose.In all the offices of the great investment
banks of Wall Street, the City of London and gnomes of Zurich, you can hear the
hissing sound of the global financial bubble bursting and deflating.
The bourgeois economists are incapable of understanding
crises, which are an inescapable result of capitalism. They look for subjective
factors such as "confidence", even "human nature". In reality what we are
witnessing are the real workings of the capitalist system in a period of
The recent chaos on world stock markets is a
manifestation of the general turbulence that is the most prominent feature of
the present epoch. The crisis that affected the Northern Rock bank in Britain
is but an indication of dramatic
events that are being prepared globally.
This is an important book, written by Andrew Kliman, and published by
Lexington Books. In a nutshell, what Andrew Kliman shows is that Marx's laws of
motion of capitalism (how capitalism works and does not work) are logically
consistent and theoretically valid.
Socialists have always been opposed to all forms of discrimination, not only because it is unfair to a part of the working class, but because discrimination divides us as a class and weakens us as a result.