Constraints and Crises

Marx Engels Institute

With the shotgun wedding of UBS and Credit Suisse along with the US governments intervention over Silicon Valley Bank another banking crisis may be upon us. But is this a new crisis or a renewal of an older one that began back in 2008? In this episode I explore why the need for US imperialism is to either find follow Andrew Mellons old advice to "liquidate capital, liquidate labor" to purge the system or to find new places to wage aggressive imperialist wars, or possibly both. I also look at why they have been constrained from taking the extreme actions the system requires thus far.

Outro music is The Hymn of the Paris Commune