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The debate concerning the origins of the current capitalist crisis has led to intense disagreements concerning the meaning of Marx’s crisis theory and of the central categories in his analysis. This essay is a contribution to that debate. Such a “political reading,” of crisis theory eschews reading Marx as philosophy, political economy, or simply as a critique. It insists on reading it from a working-class perspective and as a strategic weapon within the class struggle (Cleaver, 1979).

The debate concerning the origins of the current capitalist crisis has led to intense disagreements concerning the meaning of Marx’s crisis theory and of the central categorie...

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