Michael Roberts does his usual dialectical analysis also made by fellow Marxists about the international state of capitalism. There is no question that the system is weaker than in the 20th century but the question is why.
The authors of the book emphasize financialization as the major process, whereas Michael claims it is due to the tendency of the rate of profit to fall. There are many other fruitful disagreements worth considering. Capitalists are on a ledge, but how did they get there?
Read on Michael Roberts Blog
