Public Debate financial meltdown - the end of capitalism?

dublin | anti-capitalism | event notice Sunday September 28, 2008 14:41 by Martin O'Sullivan - SWP info at swp dot ie Socialist Workers Party, Po Box 1648 Dublin 8 018722682

Public Debate financial meltdown - the end of capitalism?

Public Debate financial meltdown - the end of capitalism?
Paul McDonnell (Open Republic Think Tank)

Kieran Allen (UCD Sociology Dep)

Thursday 2nd October 8pm
Central Hotel Exchequer Street Dublin 2

Most people are amazed to witness a new Wall St crash when the spectacle of the 1929 crash was supposed to have vanished forever.

For the past thirty years mainstream economists claimed that the market worked perfectly provided there was no state interference or strong trade unions. ‘You cannot buck the market’ was repeated like a mantra against anyone who dared to ask for higher wages, better environmental controls or a more developed welfare state. ‘Market forces’ were seen as wise spirits who knew best about how to run an economy. No one knew who or what they were but they appeared to work anonymously behind the scenes to make everything right. In almost every country, people were told to leave matters to these ‘market forces’ and not to seek too much regulation. In reality, these ‘market forces’ were gigantic financial houses which could move money around the globe at will.

If you would like to hear more about the current financial crices come along to the debate, and have your questions answered.