Turmoil in the banking system, rising prices, stock market jitters and recession looming… all of a sudden – after years of optimism – everyone is talking about a “crisis”. But what caused the credit crunch? Some said lenders got “too greedy”. Others blamed the regulators. Yet more denied it was even happening. The Credit Crunch – A Marxist Analysis offers a radically different explanation. Charting how the events unfolded, and drawing on Karl Marx’s theory of crisis, Richard Brenner and Michael Pröbsting argue that the credit crunch foreshadows a crisis of globalisation. The Credit Crunch 2007-08 by Richard Brenner, Keith Spencer Karl Marx’s Theory of Crisis by Richard Brenner Imperialism and the Decline of Capitalism by Michael Pröbsting Globalisation and the Myth of the New Long Wave by Richard Brenner 144 page book, colour front cover, with graphs and tables For more on the credit crunch please visit http://www.fifthinternational.org