Ben Norton. Capitalism’s inherent contradictions

Political economist Radhika Desai discusses the inherent contradictions in the capitalist mode of production: crises of overproduction, the tendency of the rate of profit to fall, and a trend toward monopolies and financialization.

She also explains the difference between classical political economy and neoclassical economics.

This is a discussion of chapter 2, “Capitalism as Contradictory… Continue reading