Tag: Robert Brenner

“Overcapacity” and a Robert Brenner interview

Mostly this is an explanation of a theory behind the current economic crisis.  Robert Brenner, who teaches economic history at UCLA, suggests that the fundamental root of the crisis is the stagnant nature of the neoliberal economy, which attempts to evade its problems with overcapacity by intensifying borrowing.

In plain English: once the loans dry up, the neoliberal economy tends to sink.  Turn the page to discover why.

(crossposted at Big Orange)