Capitalist News Interpreted

Capitalist Schizophrenia: 2016 World Economy in Review

- by Bruce Lerro - Leave a Comment

Capitalism functions with neither rhyme nor reason according to mainstream news overviews of 2016. One source of schizophrenia is that the trends named in local economies, such as youth unemployment in France and Italy, are not connected to capitalist global policies. We are told that the price of oil has doubled in the last year while the Chinese economy has “slowed”. What is the relationship? It’s all a mystery. The trends are important, but it is up to Marxists to create an analysis of them.

Read in The Guardian

Image by Leftcom.org

About Bruce Lerro

Bruce Lerro has taught for 25 years as an adjunct college professor of psychology at Golden Gate University, Dominican University and Diablo Valley College. He has applied a Vygotskian socio-historical perspective to his five books: "From Earth-Spirits to Sky-Gods: the Socio-ecological Origins of Monotheism, Individualism and Hyper-Abstract Reasoning", "Power in Eden: The Emergence of Gender Hierarchies in the Ancient World" (co-authored with Christopher Chase-Dunn), "Social Change: Globalization from the Stone Age to the Present", "Lucifer's Labyrinth: Individualism, Hyper-Abstract Thinking and the Process of Becoming Civilized", and "The Magickal Enchantment of Materialism: Why Marxists Need Neopaganism". He is also a representational artist specializing in pen-and-ink drawings. Bruce is a libertarian communist and lives in Olympia, WA.

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