István Mészáros, "Marx and the Credit Crunch"

Marx and the Credit Crunch
by István Mészáros

István Mészáros: First of all, I would like to be fair to Gordon Brown. Our friend mentioned here that he promised to abolish boom and bust. And we must concede he managed to keep half of his promise. He abolished boom, but not bust. And there's compensation. We get the second half of it in great abundance. That is what we are talking about today.

István Mészáros left his native Hungary after the Soviet invasion of 1956. He is professor emeritus at the University of Sussex, where he held the Chair of Philosophy for fifteen years. Mészáros is author of Beyond Capital, Power of Ideology, The Work of Sartre, Marx's Theory of Alienation, and The Challenge and Burden of Historical Time. This lecture by Mészáros was delivered at Conway Hall in London on 21 October 2008. Video courtesy of NotTheBBC. The text above is a quotation of his lecture. Read the text he prepared for this lecture: "The Unfolding Crisis and the Relevance of Marx." Click here for a Portuguese translation: "A crise em desdobramento e a relevância de Marx."

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