Marxist logic tells origin of current crisis

ZHAO Lei (赵磊)
Executive Vice Editor-in-chief, Associate Professor
Editorial Office, Finance and Economics Science, Southwest University of Finance and Economics
Abstract: The US sub-prime crisis and the resultant international financial crisis have become top
concerns for the international community, arousing repeated discussions in academia. The most debated are the root
cause and fallout of this financial crisis. There has been a multitude of opinions on how the sub-prime crisis broke
out, but penetrating analysis has been lacking. This article takes a Marxist approach to the issue, finding that there
is no essential difference between the current crisis and the classical crisis of the capitalist world, which all derive
from “over production.”

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