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Crisis Capitalism in 2025: A Balance Sheet
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From: Capitalism, Colonialism, and Crises
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In this concluding chapter of his three-volume history, Palmer concludes that recurring financial crises are a signature feature of postwar capitalism. Capitalism has yielded deep and growing inequality in Canada and in the world. This is the inevitable result of the ongoing exploitation and disenfranchisement of Indigenous communities and working-class Canadians. In 2025, Indigenous peoples were the strongest force offering resistance to capitalism in 2025, and were in need of non-Indigenous allies.
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Contributors
Bryan D. Palmer
Bryan D. Palmer is Professor Emeritus and former Canada Research Chair, Canadian Studies, Trent University, Peterborough, Canada. He is a Fellow of the Royal Society of Canada, former editor of Labour/Le Travail, and has published extensively on the history of labour and the revolutionary left. Among his many books are Canada’s 1960s and the co-authored Toronto's Poor: A Rebellious History. In the fall of 2024, Colonialism and Capitalism: Canada's Origins 1500–1890 was published, followed by Capitalism and Colonialism: The Making of Modern Canada 1890—1960 in the spring of 2025. He lives in Warkworth, Ontario.
