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  3. The Economic Logic of Late Capitalism and the Inevitable Triumph of Socialism

The Economic Logic of Late Capitalism and the Inevitable Triumph of Socialism

Posted By: roxul
Date: 11 Sep 2020 10:39:38
The Economic Logic of Late Capitalism and the Inevitable Triumph of Socialism

Simon Glynn, "The Economic Logic of Late Capitalism and the Inevitable Triumph of Socialism"
English | ISBN: 3030526666 | 2020 | 158 pages | EPUB, PDF | 1 + 2 MB

Beginning with the economic meltdown of 2007/8, this book shows that the predatory mortgage lending and overleveraging―which is to say, the overextension of credit―which precipitated The Great Recession was a response to a crisis of overproduction reflective of an unavoidable contradiction at the heart of competitive capitalism. This contradiction, in addition to portending capitalism’s inevitable ultimate demise, invites both a pragmatic and moral comparison of (US) capitalism with (Chinese) socialism. Simon V. Glynn provides a critique of political economy and an analysis of the economic logic of capitalism, pointing to the inevitable triumph of socialism.
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