[p2p-research] Fwd: [New SPACE] 10/21: A Marxist Analysis of the Economic Crisis

[Michel Bauwens]

---------- Forwarded message ----------
From: newspacegroup at lists.mutualaid.org <newspacegroup at lists.mutualaid.org>
Date: Oct 7, 2008 5:50 AM
Subject: [New SPACE] 10/21: A Marxist Analysis of the Economic Crisis
To: newspacegroup at lists.mutualaid.org


The New SPACE (The New School for Pluralistic Anti-Capitalist Education)
Presents

"Worse than They Want You to Think: A Marxist Analysis of the Economic
Crisis"

A talk by Andrew Kliman
Tuesday, October 21 at 7:00 p.m.

In their haste to promote redistributive policies and demonize the greed and
corruption of Wall Street––and in their desire to avoid advocating a
liberatory alternative to capitalism––liberals and leftists have sought to
downplay the severity of the current economic crisis. In contrast, Kliman
will argue that the crisis is every bit as serious and acute as the
fear-mongering financial analysts and officials at the Treasury and Federal
Reserve say it is. If the $800 billion rescue plan does not quickly restore
lenders' confidence in the system, the flow of credit may stop, causing the
real economy, in the U.S. and abroad, to seize up. Income redistribution,
infrastructure investment, financial regulation, and legal protections
against foreclosures are not alternatives to the Wall Street bailout. The
only alternative is a new, human, socio-economic system.

Kliman will draw on Karl Marx's value theory in order to explain how the
crisis results from the weakness of the U.S. economy since the collapse of
the dot-com bubble. He will also draw on Raya Dunayevskaya's theory of
state-capitalism in order to explain why supposedly "free-market"
policymakers and economists are ushering in a new period of statified
property and state control of the economy.

Andrew Kliman, professor of economics at Pace University, is the author of
_Reclaiming Marx's "Capital": A Refutation of the Myth of Inconsistency_ and
a member of the New SPACE Organizing Committee. He has written two essays on
the current economic crisis, "Trying to Save Capitalism from Itself" (April
25, marxisthumanismtoday.org) and "A Crisis of Confidence" (Aug. 23,
_International Socialism_ journal, Issue no. 120, www.isj.org.uk).

$7 - $10, Suggested Donation

This talk will be held at TRS Inc. Professional Suite. Located at 44 East
32nd Street, 11th floor (between Park & Madison Ave).

The New SPACE
(The New School for Pluralistic Anti-Capitalist Education)
http://new-space.mahost.org/
new-space at mutualaid.org
Tel: 1 (800) 377-6183

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