Tragedy and Farce in the Second Great Depression: A Marxian Look at the Panic of 2008 and Its Aftermath

被引:0
作者
Bair, Asatar [1 ]
机构
[1] City Coll San Francisco, Teaches Econ & Stat, San Francisco, CA 94112 USA
来源
RETHINKING MARXISM-A JOURNAL OF ECONOMICS CULTURE & SOCIETY | 2010年 / 22卷 / 02期
关键词
Macroeconomic Policy; Fiscal Stimulus; Productive Labor; Unproductive Labor; Class;
D O I
10.1080/08935691003625547
中图分类号
D0 [政治学、政治理论];
学科分类号
0302 ; 030201 ;
摘要
In this essay I recount some of the farcical things that were said about the economic prospects of the United States at the end of the great housing boom and the peak of the stock market in 2007; then I turn to a discussion of the causes of the Panic of 2008, examining the relation between productive and unproductive labor in the economy. I discuss the explanations according to which the Panic and subsequent Second Great Depression are blamed on neoliberal ideology. I critically examine the call for a Keynesian solution of government regulation and stimulus, counterposing it to a Marxian strategy of class transformation.
引用
收藏
页码:265 / 271
页数:7
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