The Economic Logic of Late Capitalism and the Inevitable Triumph of Socialism – Hardcover-Fast Shipping

Description

by
Simon Glynn (Author)

Beginning with the economic meltdown of 2007/8, this book shows that the predatory mortgage lending and overleveraging–which is to say, the overextension of credit–which precipitated The Great Recession was a response to a crisis of overproduction reflective of an unavoidable contradiction at the heart of competitive capitalism. This contradiction, in addition to portending capitalism’s inevitable ultimate demise, invites both a pragmatic and moral comparison of (US) capitalism with (Chinese) socialism. Simon V. Glynn provides a critique of political economy and an analysis of the economic logic of capitalism, pointing to the inevitable triumph of socialism.

Back Jacket

Beginning with the economic meltdown of 2007/8, this book shows that the predatory mortgage lending and overleveraging–which is to say, the overextension of credit–which precipitated The Great Recession was a response to a crisis of overproduction reflective of an unavoidable contradiction at the heart of competitive capitalism. This contradiction, in addition to portending capitalism’s inevitable ultimate demise, invites both a pragmatic and moral comparison of (US) capitalism with (Chinese) socialism. Simon V. Glynn provides a critique of political economy and an analysis of the economic logic of capitalism, pointing to the inevitable triumph of socialism.

Author Biography

Simon Glynn is Professor of Philosophy at Florida Atlantic University, USA.

Number of Pages: 149Dimensions: 0.44 x 8.27 x 5.83 INIllustrated: YesPublication Date: September 12, 2020