State Monopoly Capitalism
The 2007/8 worldwide banking collapse exposed – to a new generation – the cyclical nature of modern capitalism’s enduring crisis. With the collapse in bank confidence came the crisis of confidence in modern capitalism itself, and thus a resurgence of interest in Marxism.
This monograph by Geram marxists Gretchen Binus, Beate Landefeld and Andreas Wehr, originally published in German and translated by Martin Levy, revisits the discussions on SMC theories in Germany, France, and the Soviet Union, demonstrating their contemporary relevance. An introduction by Jonathan White considers how a better understanding of state monopoly capitalism would assist those seeking the transformation of Britain in a socialist direction.
Translated by Martin Levy