- Friday, November 21, 2014
- Adam Booth
“Six years on from the financial crash that brought the world to its knees, red warning lights are once again flashing on the dashboard of the global economy.” Such ominous statements may sound familiar to our regular readers. However, these words are not those of a Marxist, but of the British Prime Minister, David Cameron, who returned from a meeting of political leaders at the G20 summit in Brisbane, Australia, with deep concerns about the state of the world economy. As the fires of capitalist crisis spread and continue to ignite in one country after another, optimistic talk of recovery among the ruling class has given way to a more sober assessment of the situation—to an understanding that stagnation, decline, and crisis are the new normality under capitalism.