Jul 05
Economic Catastrophe: The current political crisis takes place against the background of the worst economic crisis for at least 80 years, maybe longer. For half a century Marxists debated whether another 1930s type crash and slump was possible. Some thought we might be there in 1987, some with the crash in Russia and East Asia and 1997 and some with the dot.com crash in 2000-1. Now we know the answer to the question. It’s not only possible, but we are in it. Or rather, we have lived through the
