Prof Kliman talks on Economic crisis in Toon
Event date: March 10, 2012 17:00
Tagged as: capitalist clegg crisis economics failure marxism off production
Black Bull public house, Musgrave Terrace, Gateshead (the venue can hold 150 & is very close to transport links).
Places: tyne_and_wear
Meeting on March 10th 5-6.30pm (and if its going well we may wish to run over) At the
Black Bull, Musgrave Terrace, Gateshead (the venue can hold 150).
Andrew Kliman is a Professor of Economics at Pace University in New York, and author of The Failure of Capitalist Production (Pluto, 2012) and Reclaiming Marx's "Capital": a refutation of the myth of inconsistency (Lexington, 2007).
Kliman is also part of the libertarian Marxist Humanist tendency, this a strand closely associated with people like EP Thompson and Chomsky, which was and is part of the libertarian reaction to authoritarian socialism
http://www.marxisthumanistinitiative.org/economic-crisis/new-book-the-failure-of-capitalist-production.html
Andrew Kliman talks about the economic crisis, and the real workings of the economy rather than imaginary, ideological or other capitalist illusions. With all that the rich and bosses have going in their favour how do they mess it up constantly?
North East Anarchists have arranged for Professor Kliman to talk in Newcastle at a counter event to the Liberal Democrats spring conference at the Sage after the ‘Clegg Off' series of protests.
The reasons behind the global financial crisis and the Great Recession are the subject of much debate. Marx believed that the rate of profit has a tendency to fall, leading to economic crises and recessions. Many economists, Marxists among them, have dismissed this theory out of hand, but Andrew Kliman's careful data analysis shows that the rate of profit did indeed decline after the post-World War II boom. He shows that free-market policies have failed to reverse that decline. This fall in profitability led to sluggish investment and economic growth, mounting debt problems, desperate attempts of governments to fight these problems by piling up even more debt -- ultimately ending in the Great Recession. Kliman's conclusion is simple but shocking: short of socialist transformation, the only way to escape the "new normal" of a stagnant, crisis-prone economy is to restore profitability through full-scale destruction of the value of existing capital assets, something not seen since the Depression of the 1930s.
http://www.facebook.com/events/248928311859998/
Contact email: neanarchists at riseup dot net
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