February 20, 2024
The Endless Crisis breathes new life into the once-prominent analysis of monopoly capitalism and rescues it from the quiet oblivion of discarded academic thought. The book has no interest in being a political pamphlet for social movements or focusing on the sociological ramifications of our moribund economy. Foster and McChesney demonstrate tremendous reserve by not filling the pages with polemical calls to action and discussing thorny questions of political strategy. Rather, the authors issue a wake-up call to the leftist intelligentsia who have largely abandoned the critiques of capitalism and retreated from the field of economics altogether. Marxists have been largely driven out of economics since allowing "capitalism," a term embedded with history and sociological conflict, to be replaced with the sterilized and ahistorical term, "market economy." The Endless Crisis is a focused and muscular work that ranks alongside the works of John Kenneth Galbraith, Paul Sweezy, Paul Baran and other great political economists who were unafraid to deliver sobering criticisms of modern capitalism. It is a robustly researched testament to the enduring relevance of Marxist theory in the 21st century.