THE UNEVEN AND CRISIS-PRONE DEVELOPMENT OF CAPITALISM: A REVIEW OF THE TENTH FORUM OF WORLD ASSOCIATION FOR POLITICAL ECONOMY

The development of capitalism is always uneven and crisis-prone. The gap between developed countries and developing countries has grown wider since the 1980s, while the emerging economies including BRICS (Brazil, Russia, India, China and South Africa) have grown faster than developed countries, occupying a growing share of world GDP especially since the 2008 world economic and financial crisis. But developed countries still take most surplus value in the world through various financial powers and rigged trade deals which favour them over emerging economies and transfer and deepen all kinds of contradictions in ecology, class, race, and gender to developing countries. At this juncture, June 2015, world scholars of Marxism gathered together in Wits University, South Africa, to discuss the uneven and crisis-prone development of capitalism from the perspective of Marxian economics. Topics to be discussed include the current situation of uneven development, its forms and representations, and causes and solutions both theoretically and practically.