International Marxist University

Why has capitalism failed?

Apologists for capitalism argue that it is the best, most-efficient system that could ever possibly exist. But the current period of crisis and chaos prove otherwise. Today, the COVID-19 pandemic has triggered an economic collapse that threatens to throw society back to the 1930s, sending the world into a full-blown depression. Clearly, something is rotten at the heart of the system. The advocates of Keynesian ideas – or modern varieties like Modern Monetary Theory – cannot provide a real solution to this crisis. Only the Marxist method can explain why capitalism has failed, and what the way forward is for humanity. Our speaker, Adam Booth, is a leading activist of Socialist Appeal, the British section of the IMT.