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 #99

Winter 2015-16

The Left after Syriza

Issue contents

Top story




  • Revolutionary parliamentarism?

    Todd Chretien reviews Lenin’s Electoral Strategy from Marx and Engels through the Revolution of 1905: The Ballot, the Streets—or Both by August H. Nimtz and Lenin’s Electoral Strategy from 1907 to the October Revolution of 1917: The Ballot, the Streets—or Both by August H. Nimtz
  • Slavery, capitalism,
 and imperialism

    Sandy Boyer reviews The Half Has Never Been Told: Slavery and the Making of American Capitalism by Edward E. Baptist; Empire of Cotton: A Global History by Sven Beckert; River of Dark Dreams: Slavery and Empire in the Cotton Kingdom by Walter Johnson; and The Business of Slavery and the Rise of American Capitalism, 1815-1860 by Calvin Schermerhorn
  • The roots of the deep state

    Joe Cleffie reviews Phantom Terror: Political Paranoia and the Formation of the Modern State, 1789–1848 by Adam Zamoyski