IT’S MORE THAN A POLYCRISIS, IT’S A COMPOUNDED CRISIS.

This article was inspired by a talk Michael Roberts gave at the Marx Memorial Library in London recently where he investigated, inter alia, the ‘polycrisis’ confronting capitalism. This article shows the compounding effect of the 4 major crises capitalism has to deal with by focusing on the effect they have on cost-price and therefore the all important rate of profit. I remain convinced capitalism does not have the capacity to weather these simultaneous crises which is why we could be entering a revolutionary period.