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ISBN: 9781773634197

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Twilight Capitalism

Karl Marx and the Decay of the Profit System


Twenty-first-century capitalism has little more to offer than a menu of despair: pandemics, deepening inequality, worsening depression, runaway climate change, intensifying authoritarianism and escalating militarism. Twilight Capitalism offers a wide-ranging analysis of the origins, implications and scope of the “combined” social crisis of 2020 and beyond. A compelling case is made that Karl Marx’s critical analysis of capitalism, along with his program of class-struggle socialism, is essential to understanding and addressing the most important social, economic and ecological problems of our time.


Murray E.G. Smith

Murray E.G. Smith is Professor of Sociology at Brock University. He has been active on the socialist left in Canada since the 1970s, participating in a variety of campaigns and progressive movements for social change.

Jonah Butovsky

Jonah Butovsky is associate professor of sociology at Brock University.

Josh J. Watterton

Joshua J. Watterton is pursuing a PhD in geography at York University.

Chapter Title Abstract Contributors Pages Year Price


- 4 $0.40


This chapter outlines some of the events of the "social crisis of 2020," and connects these with the problems inherent in late capitalism. ; ; 33 $3.30


In this chapter, the authors make the case that capitalism — once a formidable force for innovation and the development of productivity (not to mention brutal exploitation, violence and … ; ; 40 $4.00


This chapter describes key concepts from Marx’s economic theories, and suggests that the questions arising from these theories are more important than ever as capitalism approaches its … ; ; 51 $5.10


This chapter explores the processes of financialization, the disconnect between the "real" and "ficticious" economies, and the Great Recession of 2008. The authors suggest … ; ; 38 $3.80


This chapter surveys several attempts to empirically evaluate Marx’s law of the tendency of the rate of profit to fall, with a view to establishing its actuality as a law governing the … ; ; 31 $3.10


The purpose of this chapter is to show that: 1) Marx’s production-centred theory offers a much better theoretical basis for understanding the economic malaise of twenty-first-century … ; ; 25 $2.50


This chapter examines "twenty-first-century socialism," and how young people are generally moving to the left and becoming attracted to socialist ideas. ; ; 32 $3.20


In the concluding chapter, the authors review several notable ways of conceiving an alternative to capitalism, drawing important lessons – both positive and negative – from the … ; ; 21 $2.10