The Causes of Capitalist Crisis

A reply to Andrew Kliman

This document is on the causes of capitalist crisis, replying to the ideas of Andrew Kliman; written by Peter Taaffe and Lynn Walsh and endorsed by the Executive Committee of the Socialist Party (England and Wales).

A discussion on Marx’s economic ideas and their relevance today, particularly of the Law of the Tendency of the Rate of Profit to Fall (LTRPF), has been initiated by some comrades in Scotland and England and Wales.

They have drawn heavily on the latest book by Andrew Kliman – ’The Failure of Capitalist Production’ – to seek to make the case that the LTRPF is the key to understanding the current devastating world capitalist crisis.

In the process, they have subjected the economic analysis of the sections in Britain and the CWI internationally to severe criticism. We will explain in this document that we believe they are profoundly mistaken.

The full document can be read here:

Special financial appeal to all readers of

Support building alternative socialist media provides a unique analysis and perspective of world events. also plays a crucial role in building the struggle for socialism across all continents. Capitalism has failed! Assist us to build the fight-back and prepare for the stormy period of class struggles ahead.
Please make a donation to help us reach more readers and to widen our socialist campaigning work across the world.

Donate via Paypal

Liked this article? We need your support to improve our work. Please become a Patron! and support our work
Become a patron at Patreon!

Be the first to comment

Leave a Reply

Your email address will not be published.


September 2013