Marxism and theory of crises

Take over the banks!

Five years ago, the demand for the public ownership of the banks was the preserve of a small minority of socialists. Today it follows logically from the exposed venality of the banking system.

There have now been three waves of banking failure in the recent past. Socialists should use these events to argue relentlessly for state ownership and democratic control of the banking system.

There have now been three waves of banking failure in the recent past. Socialists should use these events to argue relentlessly for state ownership and democratic control of the banking system.

Marxist Theory and History: 

The AWL, Labour and the Left: 

Publications: 

Socialists and crises

Recent capitalist history has thrown up sharper economic declines and higher levels of unemployment than the ones we are currently witnessing in Greece and Spain. It’s just that they haven’t occurred in nice Mediterranean countries that Britons visit for beach holidays and long weekends.

Capitalist crises will not automatically boost support for socialist ideas.

Marxist Theory and History: 

Publications: 

"Marx on capitalist crisis": start of a Sheffield AWL study course

Date: 

1 May, 2009 - 10:00 to 11:30

Location: 

Meet in Starbucks, Eccleshall Road, Sheffield

Description: 

Sheffield AWL will be holding a study course on Marx on Capitalist Crisis.

The first discussion will be on Friday 1 May, 9am-10.30am in Eccleshall Road Starbucks. Anyone interested is welcome to attend.

Reading for the sessions to be found at http://www.workersliberty.org/crisisnotes.

More info: 07886 399 683.

Marxist insights on crisis

A particularly interesting session at the Historical Materialism conference in London on 10-13 November 2011 heard four contributions on Marxist theories of crisis and the current crisis.

A particularly interesting session at the Historical Materialism conference in London on 10-13 November 2011 heard four contributions on Marxist theories of crisis and the current crisis.

These are the abstracts supplied by three of the presenters.

Michel Husson: Towards a chaotic regulation

Marxist Theory and History: 

Lively conference debunks academic economics

Author: 

Martin Thomas

Several hundred people attended the annual conference called by Historical Materialism magazine in London on 11-14 November 2010.

It showed that there is a wide and lively interest in Marxist ideas among university students and lecturers.

A conference in London on 11-14 November showed that there is a wide and lively interest in Marxist ideas among university students and lecturers.

Publications: 

Marxist Theory and History: 

Antecedents and sequels of the crisis

Crisis

This is a partial draft of an introduction to a collection of discussions with Marxist economists on the global capitalist crisis which opened in 2007, written up as a paper for the "Historical Materialism" conference of November 2010. It connects with an earlier debate, on the "epoch of decline", for which click here.

Marxist Theory and History: 

Thousands turn out to debate revolution

Author: 

Martin Thomas

Not only the scheduled lecture theatre, but also an overflow theatre connected by video link, were crammed full when David Harvey spoke at the London School of Economics on 26 April about his latest book, The Enigma of Capital, a book which analyses the current crisis and concludes with a call for "revolution" to "dispossess" the capitalist class.

Not only the scheduled lecture theatre, but also an overflow, were crammed full when David Harvey spoke at LSE on 26 April.

Publications: 

Marxist Theory and History: 

Packed lecture hall for call to anti-capitalist revolution

Harvey

Not only the scheduled lecture theatre, but also an overflow theatre connected by video link, were crammed full when David Harvey spoke at the London School of Economics on 26 April about his latest book, The Enigma of Capital, a book which concludes with a call for "revolution" to "dispossess" the capitalist class.

Marxist Theory and History: 

How economic crises shape politics

Author: 

Leon Trotsky

The reciprocal relation between boom and crisis in economy and the development of revolution is of great interest to us not only from the point of theory but above all practically.

Many of you will recall that Marx and Engels wrote in 1851 – when the boom was at its peak – that it was necessary at that time to recognize that the Revolution of 1848 had terminated, or, at any rate, had been interrupted until the next crisis.

Engels wrote that while the crisis of 1847 was the mother of revolution, the boom of 1849-51 was the mother of triumphant counter-revolution.

It is false to think that a crisis invariably engenders revolutionary action while a boom, on the contrary, pacifies the working class.

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Marxist Theory and History: 

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