
The Final Crisis of Capitalism? Automation, Ecology and SOLUTIONS (Ft. Ted Reese)
Part 2 on the Socialist Transition is available on Patreon: https://www.patreon.com/OneDime
In this episode of 1Dime Radio, I am joined by the Marxist theorist Ted Reese to discuss his book 'Socialism or Extinction'. We discuss Marxist crisis theory/ “breakdown theory” and Karl Marx’s theory of the “tendency of the rate of profit to fall” in capitalism, elaborated by Henryk Grossman. Ted Reese discusses the “final contradictions” of capitalism, such as automation, the ecological crisis, and the “everything bubble” that could lead to the final breakdown of capitalism. Ted explains why…
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