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The Economic Logic of Late Capitalism and the Inevitable Triumph of Socialism
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Product Details
Beginning with the economic meltdown of 2007/8, this book shows that the predatory mortgage lending and overleveragingwhich is to say, the overextension of creditwhich 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 capitalisms 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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