Storms gathering: a Marxist analysis of the world economy

Storm clouds are gathering over the world economy. Already, it is faced with slowing growth, rising interest and inflation rates, and astronomical debts. Now Trump’s ‘America First’ policy and his promise of tariffs threaten to make all of that worse.

As America wanes as the undisputed, dominant world power, the epoch of globalisation that it policed is coming to an end. Instead, an era of intense competition between hostile blocs of imperialist powers is opening up. All this cannot fail to have devastating consequences on the world economic situation, which is already headed towards a catastrophic crisis.

To break down these processes from a Marxist perspective, Hamid Alizadeh and Niklas Albin Svensson from the International Secretariat of the Revolutionary Communist International met for a special episode of Against the Stream all about the world economy and the gigantic crisis headed its way.

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