ROSA LUXEMBURG’S ACCUMULATION OF CAPITAL

a centennial update with additions from long wave theory and Karl Polanyi’s Great Transformation – Published on Linke Zeitung (left journal), by Ingo Schmidt, August 15, 2013.

The period of economic and political crises that began with the Wall Street crash in 2007 in many ways resembles the conditions of global capitalism at the time Rosa Luxemburg published her Accumulation of Capital. This article argues that Luxemburg’s political economy entails the theoretical tools necessary to understand capitalist development since the early 20th century and that capitalism indeed faces as great a crisis as it did at that time.   Continuer la lecture de « ROSA LUXEMBURG’S ACCUMULATION OF CAPITAL »