Category: Marxist Political Economy

Lenin on Keynes

This excerpt has been taken from Lenin’s report to the The Second Congress of the Communist International, highlights his thinking on world debt and his thoughts on Keynes.

The piece is still relevant amidst the backdrop of the economic crisis and the subsequent debt crisis that started in 2008 shows no signs of abetting. Globally the disenchantment with capitalism is growing, so is the yearning of the masses to sweep away old political and economic landmarks. World over we are seeing capitalism’s frantic effort to reinvigorate itself and the imperialist powers attempt to scuttle voice of dissent with increasing military ferocity. The Arab dream has turned into a nightmare thanks to the capitulationist position taken by the so-called ‘revolutionary’ leaders and the US imperialist’s new game to subjugate and divide the world. Yet on the other hand we are also witnessing a change where US no longer occupies the same unchallenged hegemony it held at the end of the Cold War. NATO is no longer a cohesive alliance, and the divisions in the Western imperialists are growing more and more to get the share of pie. The temporary successes of the counter-revolution in parts of Africa and Asia are a harsh reminder that imperialism still has been able to maintain its stranglehold in large part of the world and still we are living in the era of imperialism—the highest stage of capitalism. Continue reading “Lenin on Keynes”