The Credit Crunch: A Marxist Analysis
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 Proebsting argue that the credit crunch foreshadows a crisis of globalisation.
A special issue of Fifth International Journal.
Imprint: League for the Fifth International
Length: 146 Pages
Dimensions: 207mm x 19mm x 147mm