Not all capitalist economists have confidence in their system. TONY SAUNOIS reviews Megathreats by the US economist Nouriel Roubini.
Megathreats: The Ten Trends that Imperil Our Future, and How to Survive Them
By Nouriel Roubini, Hachette UK, 2022, £15
Many bourgeois economists have tended to put a gloss on the deep systemic crisis facing world capitalism. They have often seized upon this or that marginal piece of ‘good’ news to empirically conclude that this or that problem has been fixed – until the next one arises. Now faced with the convergence of a series of multiple crises, economic and political, many have finally been compelled to catch up with what the Committee for a Workers’ International (CWI) has argued – that a devastating situation confronts global capitalism.
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