Twenty years ago, with the dissolution of the Stalinist regimes in Eastern Europe and the Soviet Union, political pundits and academics hastened to proclaim “the end of history.” With the Crash of 2008, these illusions have been dealt a stunning blow. A giant question mark has been placed over the very viability of the world capitalist system. History has returned.
While politicians and the media have been forced to acknowledge the depth of the crisis, nowhere is there any real explanation of what has caused this precipitous collapse.
Speaker: David North, national chairman of the Socialist Equality Party and chairman of the international editorial board of the World Socialist Web Site