Monday 26 March,
Could the present slump really last for a decade or more? It’s not impossible, as this has already happened twice. The present slump has already lasted for three years and GDP is still a long way from what it was at its peak in 2008. So it’s not going to be a short one.
The future course of capitalism is largely unpredictable. All we can say with certainty is that it is an irrational system subject to swings from boom to slump which have nothing to do with the level of actual human needs.
Come along and discuss the causes of the recession and why Socialists want to do away with capitalism root and branch.