The Economic Logic of Late Capitalism and the Inevitable Triumph of Socialism, 1st ed. 2020

Beginning with the economic meltdown of 2007/8, this book shows that the predatory mortgage lending and overleveraging?which is to say, the overextension of credit?which precipitated The Great Recession was a response to a crisis of overproduction reflective of an unavoidable contradiction at the heart of competitive capitalism. This contradiction, in addition to portending capitalism?s inevitable ultimate demise, invites both a pragmatic and moral comparison of (US) capitalism with (Chinese) socialism. Simon V. Glynn provides a critique of political economy and an analysis of the economic logic of capitalism, pointing to the inevitable triumph of socialism.

1. Preface.- 2. The US Crisis.- 3. What Free Market? 4. On Capital Sluggishness.- 5. Capitalism in the West.- 6. The Educated Electorate? .- 7. On Moral and Ontological Dilemmas.- 8. The Dialectical Contradiction.- 9. Marx's Cyclical fluctuations.- 10. Logic vs. Empiricism.- 11. Government and the "Free" Market.- 12. Neocolonialism.- 13. Cooperative vs. Competitive R&D .- 14. The Case of China.- 15. International Competition.- 16. Toward a Pragmatic and Ethical Outcome.- 17. A Social Vision for the Future.

Simon Glynn is Professor of Philosophy at Florida Atlantic University, USA.