Tag Archives: falling rate of profit

Bank failures: The specter of crisis once again looms over capitalist economies S. Mavroudeas Department of Social Policy Panteion University THE BANKRUPCIES On 10/3, California-based Silicon Valley Bank (SVB) became the largest bank to fail since the financial crisis of 2008. It was the 16th largest US commercial bank. It specialized in transactions with technology and healthcare companies and particularly in investments in start-up companies. SVB’s bankruptcy was...

Last week I gave a lecture in the seminar series on Marxist political economy organised by the Department of Development Studies at the School of Oriental and African Studies (SOAS). The Marxist Political Economy series is a course mainly for post-graduates and has several lecturers on different aspects of Marxian economics. Course Handbook – Marxist Political Economy 2019-20 (8)Mine was on Marx’s law of the tendency of the rate of profit to fall. Not surprisingly, the department team has...