Sunday, October 12, 2008

"While few would expect any such militancy from laid-off bankers, what remains of the Marxist movement today is brimming with optimism that the financial crisis sounds the death knell of capitalism. With almost Alistair Darling-like doom, the International Committee of the Fourth International has declared that "the contradictions within the world capitalist economy are now reaching the point where the type of financial catastrophe and social and economic devastation experienced in the 1930s is not only possible, but is increasingly likely"."