On April 18th, Gene Warren paid a visit to the L.A. Local to deliver his "Austerity & Capitalism" presentation. From Gene's description of the lecture "Most of the industrial world is now in the seventh year of the Great Recession that began in 2008. Why is this? Where is the world economy headed?

Most bourgeois and Marxist economists wrote back in 2009 and 2010 that the downturn would be just another average business cycle recession. Why have we yet to fully recover?.
Gene Warren Jr. will present an unconventional Marxian analysis of the above questions starting with an explanation of how the economic and monetary system (M-C-M’) actually works.

Then a brief history of what unfolded since the Second World War until now.

And end with a look at the results of austerity, the main strategy of the capitalist class for the last five years. Has it been rational overall for the entire system?"


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