This diary will attempt to address the current economic debate in light of the general analysis of the system presented by John Bellamy Foster in his piece in the March Monthly Review, titled “A Failed System: The World Crisis of Capitalist Globalization and its Impact on China.” Foster is, I would argue, correct, without really being all that proactive. I will conclude this diary with a couple of suggestions on how to read Foster and on what to do.
(crossposted at Big Orange)