Skip to main content
Work with the NEU
Why is there always an economic crisis of some sort?
Unlike liberal economists, Marxists explore the primary role of internal contradictions within the capitalist economy. The MARX MEMORIAL LIBRARY explains why

SAMANTHA and David Cameron (remember him?) have a sign in their country home which reads: “Calm down dear, it’s only a recession.”

For them, economic crisis is a joke — they’re insulated from the realities of austerity, which their party, and the capitalist interests that they represent, says is an inevitable and necessary requirement to regenerate the economy “in the interests of everyone.”

But the sad joke also hides an implicit acknowledgement that crises are endemic to the system that they champion.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
Similar stories
Planet earth by Kevin M Gill/CC
Full Marx / 18 July 2026
18 July 2026

Nature as well as society works dialectically, asserts the Marx Memorial Library and Workers’ School

A view of the skyline in Manchester City Centre
Politics / 13 July 2026
13 July 2026

Can Andy Burnham’s programme deliver a productive economy – or merely a softer version of capitalism, asks VINCE MILLS

Statue of Oliver Cromwell
Full Marx / 2 February 2026
2 February 2026

The selection, analysis and interpretation of historical ‘facts’ always takes place within a paradigm, a model of how the world works. That’s why history is always a battleground, declares the Marx Memorial Library

INVESTMENT WITHELD: Paternoster Square, City of London, on the right with the columns is the new home of the London Stock Exchange / Pic: gren/CC
Features / 31 January 2026
31 January 2026

If the government really wanted to address public finances, improve living standards and begin economic recovery, it would increase its borrowing for investment, argues MICHAEL BURKE