Capitalism's inherent contradictions: Why it drives toward crisis

Political economist Radhika Desai discusses the inherent contradictions in the capitalist mode of production: crises of overproduction, the tendency of the rate of profit to fall, and a trend toward monopolies and financialization. She also explains the difference between classical political economy and neoclassical economics. This is a discussion of chapter 2, "Capitalism as Contradictory Value Production", of Radhika's book "Capitalism, Coronavirus and War: A Geopolitical Economy". Other episodes in the series: /playlist/PLDAi0NdlN8hNZoKp0XsLFwSxxlMQu6ye8 You can download Radhika's book for free here: https://geopoliticaleconomy.com/2023/02/17/capitalism-coronavirus-war-geopolitical-economy-radhika-desai Check out Radhika's show with Michael Hudson, Geopolitical Economy Hour: /playlist/PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Patreon: https://Patreon.com/GeopoliticalEconomy Podcast: https://Soundcloud.com/GeopoliticalEconomy Newsletter: https://GeopoliticalEconomy.Substack.com

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