Capitalism in Crisis

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"Capitalism in Crisis" A public meeting organized by Black Sun Books and the International Socialist Organization-Eugene with John Bellamy Foster, University of Oregon professor of sociology, editor of Monthly Review, and author of numerous articles (over a 30 year period) on the political economy of capitalism.

“Since the publication in 1963...of A Monetary History of the United States, most U.S. economists have come to believe that the Great Depression was a result of the failure to open up the monetary floodgates when necessary....But in the face of this massive financial crisis....the United States, where private property is more sacrosanct probably than anywhere else in the world, is talking about...nationalization of banks....In financial circles they are now calling this "regime change"...[this means] the end of neoliberalism, and the rise of aggressive government interventions into the economy...Will it work? Can they avoid a massive devaluation of capital across the board? I doubt it.”
—John Bellamy Foster interviewed by the Argentinian newspaper, Página/12 (from "Can the Financial Crisis be Reversed?").
“The fact that we are confronted with the worst financial and economic crisis in the advanced capitalist world since the 1930s is an empirical fact that no informed individual at this point doubts...We should not spend time worrying about the capitalist class. The real pain is going to fall on the working class in the advanced capitalist countries, and even more so those in the poorer and "emerging" countries. We (meaning the left) should be devoting our efforts to helping those whose needs are greatest at the bottom of the economic pyramid, rather than seeking to fix a broken system (even if it could be fixed)… It is a new historical moment, when the working class everywhere, especially in the advanced capitalist states, may at last be compelled by circumstances to begin to fight back.”
—John Bellamy Foster interviewed by the Norwegian Daily, Klassekampen (from "Monopoly-Finance Capital and the Crisis")
  • Date: Monday, November 3rd
  • Time: 6:00 p.m.
  • Location: Bascom-Tykeson Room in the Eugene Public Library. Take a right after walking through the first set of doors.

Materials


Writings and Analysis by John Bellamy Foster

Retrieved from "http://iso.breadlandpeace.org/Capitalism_in_Crisis"
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