A Marxist analysis of the impending stock market crash | AGAINST THE STREAM
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This week, the collapse of Tricolour and First Brand sent a ripple of fear through the capitals of the world. From giddy boasts that the ‘bull’ market would never come down, capitalists are now reckoning with the fact that there is a gigantic bubble in the world economy, which threatens to pop. But the bubble – which they are powerless to fix – is symptomatic of a much deeper crisis. Capitalism has reached its limits. For years, they have used bailouts to delay the day of reckoning. Now they are crushed under a mountain of debt, which threatens an avalanche of bankruptcies. With economies around the world sliding into recession, overproduction, endless political instability, tariffs, and inter-imperialist competition, it is only a matter of time before the crash arrives. When it does, it will have devastating implications for the entire world economic system. Most of all, as Francesco Merli and Hamid Alizadeh explain in this week's episode of Against the Stream, it will be a recipe for class struggle, as the capitalists and bankers try to force workers to pay the bill. Against the Stream is the current affairs podcast of the Revolutionary Communist International. It airs weekly on YouTube on Thursdays at 6 p.m. London time. 📖 RECOMENDED READING 📖 The Big Crash: Are we really heading for another 1929? 🔗 https://www.telegraph.co.uk/news/2025/10/11/big-crash-are-we-really-heading-another-1929/ Gita Gopinath on the crash that could torch $35trn of wealth 🔗 https://www.economist.com/by-invitation/2025/10/15/gita-gopinath-on-the-crash-that-could-torch-35trn-of-wealth What the stock market bubble can tell us about the state of the US economy 🔗 https://marxist.com/what-the-stock-market-bubble-can-tell-us-about-the-state-of-the-us-economy.htm Zombies: Ranks of world’s most debt-hobbled companies are soaring, and not all will survive 🔗 https://apnews.com/article/zombie-business-corporate-debt-investing-interest-borrowing-52bd9ebbe1dd98983d39fe7d14e3c7fd 🌐 LINKS 🌐 ✊ Join the Revolutionary Communist International: https://marxist.com/join-us.htm 🎧 Spotify: https://open.spotify.com/show/68nGNHz5lB8UZXICGIDMva?si=682ef70551644443 📱 Apple Podcasts: https://podcasts.apple.com/us/podcast/against-the-stream/id1777793987 📸 Instagram: https://www.instagram.com/revcomintern/ 💬 Twitter: https://x.com/revcomintern/ ℹ️ DISCLAIMER ℹ️ This video is intended solely for educational, informational, and documentary purposes. It examines historical and contemporary political ideologies, events, and terminology — including controversial or sensitive topics — with the aim of fostering critical thinking and public understanding. This content does not promote, endorse, or glorify violence, right-wing extremism, terrorism, hate speech, or discriminatory ideologies. Any references to such topics are made in the context of analysis, journalism, or historical documentation. Viewer discretion is advised due to the sensitive nature of some discussed topics. All commentary is protected under fair use for educational and journalistic purposes in accordance with YouTube's community guidelines and policies.
Gita Gopinath (born 8 December 1971) is an Indian-American economist who is currently serving as the Gregory and Ania Coffey professor of Economics at Harvard University and previously served as the first deputy managing director of the International Monetary Fund (IMF), from 21 January 2022 to 31 August 2025. Before that she also served as chief economist of the IMF between 2019 and 2022. Prior to joining the IMF, Gopinath had a two-decade-long career as an academic including at the economics d...
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