The Great Financial Crisis and the Shameful Failure of the Marxist Academy

See on Scoop.itPensamientos Alternados

It turns out every Marxist academic without exception missed the greatest depression in the last 100 years not just because they ignored Marx’s theory, but because they are completely disconnected from the real world in every real sense of that term. They don’t grapple with real world issues and have no interest in the problems facing working people. Not one Marxist academic — Kliman, Moseley, Dumenil, Saad-Filho, the Monthly Review editors, etc. — has stepped forward to accept this failure on behalf of the Marxist academy. The depression eleven years ago set in motion the events leading to a catastrophic failure of fascist state economic policy measures that we mistakenly call “the financial crisis” today.

See on www.gonzotimes.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s