Circular No. NP/022/14/GB
4th February 2014
TO: ALL BRANCHES, REGIONAL ORGANISERS, REGIONAL COUNCILS, & COUNCIL OF EXECUTIVES.
Lecture on the financialisation of the UK economy
in central London (near Farringdon station) on 11th February
At 7pm on Tuesday 11th February there will be a talk on the subject of “A systemic crisis of financialisation from 2007 to the present” at the Marx Memorial Library (37a Clerkenwell Green, EC1R 0DU).
The lecture is being given by Costas Lapavitsas, professor of political economy at the School of Oriental and African Studies and author of ”Profiting Without Producing, How Finance Exploits Us All”. Professor Lapavitsas, a Marxist economist, has been one of the most effective critics of the disastrous impact of the Euro currency and the policies of the EU, IMF and ECB “Troika” – especially in Greece.
Professor Lapavitsas will present, in straight-forward terms, his latest research on the ongoing crisis in the capitalist system. This is a subject of direct relevance to all workers, not least because the crisis has been used as the justification for public spending cuts. The theme of the talk will be how capitalism in advanced economies has developed from one focused on production for profit, to one focused on paper profit generated by financial transactions.
Attendance is free, but those wishing to attend are requested to pre-register by emailing firstname.lastname@example.org