10.22.2008

Saving its ass to wreak even worse havoc

Readers know the mainstream media casts the monetary symptoms of this long-brewing, deep structural crisis of U.S. finance capital finally erupting into public view, as the whole story. The news comes as an unfathomable shock to most people because this crisis has been disguised for years as isolated phenomena, bursting housing bubbles, downturns, etc., camouflaging its systemic roots and nature, with surface symptoms. Making sense of this deep crisis of capital is critical. It signals rare revolutionary opportunities as well as deepening dangers.

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