Turmoil in the banking system, rising prices, stock market jitters and recession looming… all of a sudden – after years of optimism – everyone is talking about a “crisis”.
But what caused the credit crunch? Some said lenders got “too greedy”. Others blamed the regulators. Yet more denied it was even happening.
Published in 2008 on the eve of the Great Recession, The Credit Crunch: A Marxist Analysis offers a radically different explanation.
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socialist organisation campaigning within Labour for a democratically planned
and owned economy. We campaign for grassroots democracy in the labour movement,
militant defence of the oppressed and an anticapitalist programme for the
Labour Party. Against Brexit, for free movement. Anticapitalist and
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