The Final Crisis of Capitalism? Automation, Ecology and SOLUTIONS (Ft. Ted Reese)

Part 2 on the Socialist Transition is available on Patreon: https://www.patreon.com/OneDime⁠

In this episode of 1Dime Radio, I am joined by the Marxist theorist Ted Reese to discuss his book 'Socialism or Extinction'. We discuss Marxist crisis theory/ “breakdown theory” and Karl Marx’s theory of the “tendency of the rate of profit to fall” in capitalism, elaborated by Henryk Grossman. Ted Reese discusses the “final contradictions” of capitalism, such as automation, the ecological crisis, and the “everything bubble” that could lead to the final breakdown of capitalism. Ted explains why Keynesian Social Democracy and the Green New Deal can’t solve the root problem and prevent capitalism’s inevitable tendency towards crisis.

In Part 2 of the podcast (for Patrons) we discuss the viability of various specific solutions to the climate crisis, such as “overpopulation”, degrowth, and different forms of clean energy and sustainable resources such as Hemp. In this bonus episode, we also discuss the particularities of a communist transition and what stages of socialism could look like. This involves questions regarding the logistics of democracy, communism, labor, distribution, planning, dealing with poverty, transitioning away from the capitalist mode of production, and preventing counter-revolution. We think it is important to think seriously about the big questions regarding alternatives to capitalism and how to get there, which can be quite challenging to envision.

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Find Ted Reese on Twitter: https://twitter.com/Grossmanite

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