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The contributions from the platform and the floor emerged as a debate on the causes of crises in capitalism in the 21st century. John Milios’ subject was Marx’s theory of finance in the light of the ‘financialisation’ of capitalism in the neoliberal period. Costas Lapavitsas’ address was similar. Both considered financialisation as the key to current crises in capitalism. In contrast, I argued that the Marx’s law of the tendency of the rate of profit to fall lay at the heart of crises in capitalism and the new developments in finance capital and the global financial crash and the ensuing Great Recession were reactions to that law.
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