The Credit Crunch: A Marxist Analysis

Product Description

First published in 2009 this special edition of the Fifth International journal outlined the causes and consequences of the credit crunch, using Marx’s theory of crisis to demonstrate the underlying problems of the capitalist economy.

Back cover text:

Turmoil in the banking system, rising prices, stock market jitters and recession looming… all of a sudden – after years of optimism – everyone is talking about a “crisis”.

But what caused the credit crunch? Some said lenders got “too greedy”. Others blamed the regulators. Yet more denied it was even happening.

The Credit Crunch – A Marxist Analysis offers a radically
different explanation.

Charting how the events unfolded, and drawing on Karl Marx’s theory of crisis, Richard Brenner and Michael Pröbsting argue that the credit crunch
foreshadows a crisis of globalisation.

The Credit Crunch 2007-08 – Richard Brenner,  Keith Spencer
Karl Marx’s Theory of Crisis – Richard Brenner
Imperialism and the Decline of Capitalism – Michael Pröbsting
Globalisation and the Myth of the New Long Wave – Richard Brenner

Additional Information