The article begins:

*** Costas Lapavitsas’s ‘Profiting Without Producing’ highlights the
corrosive effect of finance

Profiting Without Producing, How Finance Exploits Us All , by Costas
Lapavitsas, Verso, £20/$29

Where were the Marxists in 2008, when the demise of Lehman Brothers almost
brought about the collapse of capitalism? They were writing long academic
texts, which only five years later would put the crisis in an appropriate
theoretical and historical context.***

*****

The premise here is false.. The "collapse of the economy" has no necessary
relation to "the collapse of capitalism." 

Carrol


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