On the world crisis, Marx and Keynes: some pertinent comments

Abstract

At the beginning of the fifth year of an unprecedented capitalist crisis, the tendency toward a new collapse of the financial system is just the tip of the iceberg of a generalized bankruptcy. This, despite a monumental injection of resources, equivalent to a quarter of gross world product, to try to right the faltering ship of the global capitalist market. The “Keynesian” remedy, an expression that has not been precisely defined, has failed. In any case, the attempts to combine Marxist analysis with the formulations of the English economist within a common “heterodox” framework lack any kind of rigour. The discussion of this question is the objective of this article.