Written from a Marxist perspective, this book argues that the global economy is in a depression. The profitability of capital is too low and debt built up before the Great Recession is too high. This depression will end when the profitability of capital is restored through yet another slump.
Format:
Pages:
pages
Publication:
Publisher:
Edition:
Language:
eng
ISBN10:
1608464687
ISBN13:
9781608464685
kindle Asin:
B01ERNL4BY
The Long Depression: Marxism and the Global Crisis of Capitalism
Written from a Marxist perspective, this book argues that the global economy is in a depression. The profitability of capital is too low and debt built up before the Great Recession is too high. This depression will end when the profitability of capital is restored through yet another slump.