ISR’s economic analysis on point

I read Joel Geier’s political economic analysis of the most recent crisis of capitalism. It shows you have spent many years studying the two main theories of modern day bourgeois economics. Your article raises a lot of questions and it ties the past twenty-five years to “supply-side economics” first thought up in Milton Friedman’s Chicago School and tapped into the brain of Ronald “Ray Gun” Reagan. Reagan was an actor by trade and a dangerous conservative who got the capitalist ball rolling again after the defeat of U.S. imperialism by the Vietnamese revolution.

As Marxists our main job is to have a clear and concise understanding of the most recent crisis and your article is very much on point.

At the root of a good socialist economic article is the application of the materialist conception of history in its concrete modern form. You did this and I feel as this economic crisis deepens we are all going to be very busy indeed.

Comradely yours,
Tom Siblo
Saugerties, New York

Issue #61

September 2008

Politics of change or politics as usual?

Issue contents

Top story



Critical Thinking