Capital, Exploitation and Economic Crisis

Taylor & Francis

In 2008 the capitalist world was swept by the severest crisis since the Great Depression of the 1930s. Mainstream economics neither anticipated nor could account for this disastrous financial crisis, which required massive state intervention throughout the capitalist world. Karl Marx did anticipate this type of financial collapse, arguing that it was derivative from the \u2018fetishism of commodities\u2019 inherent in the capitalist mode of production. This book substantiates the foregoing claim by a journey from Marx\u2019s analysis of commodities to the capitalist crisis of the twenty-first century.