Twilight Capitalism: Karl Marx and the Decay of the Profit System

Description

Twenty-first-century capitalism has little more to offer than a menu of despair: pandemics, deepening inequality, worsening depression, runaway climate change, intensifying authoritarianism and escalating militarism. Twilight Capitalism offers a wide-ranging analysis of the origins, implications and scope of the “combined” social crisis of 2020 and beyond. A compelling case is made that Karl Marx’s critical analysis of capitalism, along with his program of class-struggle socialism, is essential to understanding and addressing the most important social, economic and ecological problems of our time. Cover Title Page Copyright Contents Dedication Acronyms Preface Acknowledgements Chapter 1 Pandemic, Slump and Uprising in the Twilight of Capitalism Chapter 2 Twilight Capitalism: The Economic Dimension Chapter 3 Marx’s Theories of Value, Capital and Crisis Chapter 4 Valorization Crisis and the Path to Global Depression Chapter 5 Marx’s Law of Profitability: Evidence and Controversy Chapter 6 Marxist versus Radical Heterodox Economics: In Defence of the Labour Theory of Value Chapter 7 Twilight Capitalism or Socialist Revolution? Chapter 8 Imagining Socialism References Index