Sunday, October 9, 2011

Capitalism Collapse ? "Cash grab system cannot survive the storm "­ Immanuel Wallerstein

There is barely a corner of the globe that has not been touched by the current financial meltdown. But a senior sociology scholar at Yale University thinks the crisis is far wider than the economic crash - it is capitalism itself which is collapsing. ­Immanuel Wallerstein explained his theory to RT

Democracy and Class Struggle says raising the systemic nature of the capitalist crisis is key to moving forward in this crisis.

It must not be a series of reforms which cannot work - hence we agree with Michael Hudson in his comment on Occupy Wall Street of the importance of systemic demands and not a list of technocratic reformist demands which can easily be co-opted.

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