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    Economy Europe

    Crises of Capitalism and Social Democracy

    avatarBy Z ArticleNo Comments1 Min Read

    John Bellamy Foster is best-known as author of Marx's Ecology (2000; in which he corrects the popular misapprehension that Marx did not 'get' environmental limits), and as editor of Monthly Review (monthlyreview.org), the journal founded by Marxist economist Paul Sweezy in the late 1940s. In his latest book, The Endless Crisis (2012; written with Robert McChesney), Foster analyses what he calls the 'stagnation-financialisation trap'. This is the economic predicament countries such as the US and UK find themselves in today: dependent for growth on a system of financial bubbles which have now burst, they remain mired f

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    John Bellamy Foster (born August 19, 1953) is editor of the independent socialist magazine Monthly Review and professor of sociology at the University of Oregon in Eugene. His writings have focused on political economy, environmental sociology, and Marxist theory. He is author of numerous books, most recently (with Brett Clark and Richard York) Critique of Intelligent Design: Materialism versus Creationism from Antiquity to the Present, (with Fred Magdoff), The Great Financial Crisis: Causes and Consequences, and The Ecological Revolution: Making Peace with the Planet.

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