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A world gripped suddenly by economic crisis so severe that big banks fall, firms go to the wall and the pillars of capitalism are shaken.

Article: Promethean City Builders vs Finance Capital Malthusians: Multipolarists vs the Anglo-American Empire - The multipolar powers of China & Russia clearly have some of the values of the Enlightenment. These include developing the productive forces (the Belt Road Initiative), the defense of the nation-state and protecting home industries against invasion by imperialists. Who among the political tendencies in the West also stands for these values? It is neither the Republicans, Democrats nor the crypto-New Left.

So far, there is little sign that capitalism can get out of this Long Depression, even if the current Ukraine disaster is resolved.

May Day is here. And, for the first time in a long and quite active life as a social campaigner, I shall approach that historic occasion not with jubilation, pride and determination, but, rather, with sadness.

The crisis in the banking industry has sent stock markets around the world into gyrations. What caused all of this? Is this a passing crisis? What impact will it have on the real economy? Ashley Smith interviews Michael Roberts.