Week 3
crisis of capital
Key Questions
What are the contradictions embedded within capitalism? Why is crisis intrinsic to capitalism?
What is the role of credit and finance under capitalism? How are these particularly integral to the contemporary capitalist system?
What are historical examples of capitalist crisis? What conditions do capitalist crisis create?
Required Materials:
Hadas Thier, A People's Guide to Capitalism: An Introduction to Marxist Economics, "Capitalist Crisis"
Hadas Thier, A People's Guide to Capitalism: An Introduction to Marxist Economics, "Credit and Financialization"
Supplementary Materials:
Tricontinental: Institute for Social Research, "CoronaShock: A Virus and the World"
Tricontinental: Institute for Social Research, "CoronaShock and Patriarchy"
John Smith, Imperialism in the Twenty-First Century: The Globalization of Production, Super-Exploitation, and the Crisis of Capitalism, "All Roads Lead into the Crisis"
John Bellamy Foster, Jamil Jonna, and Brett Clark, "The Contagion of Capital"
Fred Magdoff and John Bellamy Foster, "Stagnation and Financialization"