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The Current Capitalist Crisis
international |
anti-capitalism |
opinion/analysis
Monday June 27, 2011 21:39 by Paddy Hackett rasherrs at eircom dot net
Financialisation Financialisation is a universal scam dressed up as a sophisticated exercise designed to create the illusion that the economic system is faring well. But at the end of the day it is just a paper generator with no authentic exchange value. It just postpones the day when the law of the tendency of the general rate of profit manifests itself in the form of an economic crisis. Some commentators from within the radical left effectively dismiss Marx's Critique of Political Economy. They see financialisation as evidence that capitalism today is not subject to the law of value and the law of the tendency of the general rate of profit to fall. |