The nature of the epoch, the rate of profit and the world economy

During the Socialist Network’s annual conference, which has been held in Cyprus this year, Jonathan Clyne, one of the international coordinators of the organization, spoke on the global economic crisis.

In his speech he outlined a few important analytic problems often neglected when it comes to discussing the 2008-11 recession. He takes up the question of the classical Marxist analysis wich involves the rate of profit and its tendency to fall and go up as a basic factor and links it up with the nature of the epoch as well as explains the role of the regional peculiarities which — like in the case of the Eurozone — determine partially the outcome of the crisis.

Press the play button to listen to the speach.

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