374pp., paperback, Verso, London & New York, 2023
ISBN: 9781839767845
A Marxist perspective on the future of capitalism after the Covid-19 pandemic.
"Capitalism, in its current neoliberal variant, is a perfectly designed system for producing ruinous financial bubbles, massive increases in inequality, and the destruction of the planet. In The State of Capitalism, Costas Lapavitsas and the EReNSEP Writing Collective explain with great scope and force how this has been happening before our eyes for the past 40 years, in all regions of the globe. Critically, they also advance a clear-eyed political program for transcending neoliberalism and building viable democratic socialist alternatives." Robert Pollin, Distinguished University Professor of Economics and Co-Director, Political Economy Research Institute
"The State of Capitalism provides an elegant and exhaustive analysis of the changing faces of financialization, neoliberalism, state power and US empire - and how the left must adapt and respond. Lapavitsas develops a typically brilliant and incisive narrative on the transformation of global capitalism since the turn of the century, and shows how these changes formed the foundations of the era of perennial crisis in which we now live." Grace Blakeley, author of Stolen, How to save the world from financialisation
Costas Lapavitsas is Professor of Economics at the School of Oriental and African Studies, University of London, a member of Research on Money and Finance, and the lead author of the new RMF report "Breaking Up? A route out of the Eurozone crisis." His previous publications include Social Foundations of Markets, Money and Credit and Political Economy of Money and Finance.
The EReNSEP Writing Collective: Nicolás Aguila, Universität Witten/Herdecke; Carla Coburger, University of Bayreuth, Germany; Sergi Cutillas, University of Barcelona; Juan J. Duque, SOAS; Matteo Giordano, SOAS; Spyros Marchetos, Aristotle University of Thessaloniki; Thanos Moraitis, UMass Amherst; Marie Hyllested; Yuning Shi, SOAS; Aylin Soydan, Istanbul Okan University.