Economic crisis and the science of Marxism

A sinister leftist prediction...
Today all views matter

In the course of a recent appearance before the American congress, the financier George Soros gave a cry of alarm: the capitalistic system is headed toward «disintegration» (1). A month later, first Henry Kissinger echoed this view, and then that other «intellectual» of domestic Italian finances, Giacomo De Benedetti, followed suit with a long article in which he prognosticated «the arrival of a very grave global crisis». (2)

Despite the virulent persistence of the economic crisis and the seesawing of the rates of exchange and stock indices on all the markets, bourgeois experts and theoreticians plod along in stunning naked impotence, mouthing ever more evanescent explanations - illusions destined to fade one after the other.

Gone is the dream that came to the fore after 1989 of a «New World Order» based on peaceful economic competition, the IMF, the World Bank, and the WTO, all under the watchful eye of the imperial American eagle. After the frenzied earlier wave of «financial deregulation», the screw has turned and, on a world-wide scale, the faith in deregulation has fallen in complete disrepute - in the US, Japan, and elsewhere -in the face of a need for massive, new state intervention, if the world financial order is to be saved from the crisis that has overtaken banks and institutions of the highest degree: the American Long Term Capital Management, the Japanese Long Term Credit Bank, and China's Guandong International Trust and Investment Corporation.

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