Leo Panitch: Thoroughly modern Marx

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Leo Panitch: Marx was a realist; the real romantics think you can have capitalism without great crisis.  Pt 1

Leo Panitch, economist and Professor at York University, talks to Paul Jay about the relevance of Marxist theories in studying today’s global economy. Panitch discusses the ideological crisis of the free market theory and notes that at this time “Marx would not be offering policy advice to governments about what is to be done in the face of this crisis; he would tell people to overcome their social isolation, form new collective organizations and identities, and make a social revolution.”

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