Crash Course

Finally, some English-language analyses with a value-critical approach to the current crisis are emerging. A translation of the Gruppe Krisis' "pamphlet on the financial crisis" titled "Crash Course" outlines the true nature of the impending collapse. The Krisis Group is, along with Robert Kurz et al. (now associated with Exit! magazine), at the forefront of the Wertkritik (value critique) tendency in Marxist theory. Their work deserves to be considered, now more than ever. Unfortunately, much of it remains untranslated and unknown outside of Germany. When these theorists and their ideas crop up in Anglo-American Marxist debates, they are generally pooh-poohed by the likes of Louis Proyect as "crisis mongers" whose work is, at best, a curiosity. In point of fact, they are more aware than most that the crisis is not cause for celebration, and they are among the only theorists whose work can contribute to the unlikely possibility of a better society emerging from the rubble of capitalism.