Review in Book News, Inc.
Global Capitalism in Crisis
Karl Marx & The Decay of the Profit System
Smith (sociology and labor studies, Brock U., Canada) provides a Marxist analysis of the origins, implications, and scope of the global economic crisis that began in 2008, arguing that it should be seen as both a conjunctural crisis of overproduction, credit, and finance and a deep-seated systemic crisis connected to Marx’s “law of the tendency of the rate of profit to fall,” which has long been a central theme in Marxist structural critiques of capitalism. Distributed in the US by Independent Publishers Group. (Annotation ©2010 Book News Inc. Portland, OR)