[R-G] Market Meltdown: Capitalism and the Crisis of Neoliberalism

[Anthony Fenton]

Socialist Project forum series:

Market Meltdown:
Capitalism and the Crisis of Neoliberalism

The current credit crisis rocking Wall Street may well be the largest  
market failure within the history of capitalism. The crisis is  
destabilizing the American economy, and also causing financial crises  
across the capitalist world. It is now dragging the Canadian economy  
into recession. The immediate trigger of the instability was problems  
in housing markets. It spread from there into the massive speculative  
derivative markets, and finally into a series of bankruptcies of  
leading financial institutions. Washington is now proposing the  
largest bailout of capitalist enterprises in history. Financialization  
and the power of Wall Street have been two of the hallmarks of  
neoliberal globalization. This crisis of neoliberalism raises pressing  
political issues for the Left.

Speakers:

Greg Albo, Professor of Political Economy, York University.
Jim Stanford, Economist, Canadian Auto Workers.
David McNally, Professor of Political Science, York University.

www.socialistproject.ca/inthenews/financialcrisis.html#fc12