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: https://youtube.com/playlist?list=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: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP

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