ABSTRACT
At the end of 2008, the International Monetary Fund (IMF) estimates the loans to amount to 23,200 billion US dollars, of which at least 10 percent, possibly more, will have to be written off as bad debt, as they have lost in value. One could therefore come to the following conclusion: we are in the midst of one of the most serious financial crises in the history of capitalism; we are in the midst of a food crisis that will cause death to many. Marx impressed by the great and unexpected global financial crisis some politicians admitted that crisis theory in the Marxian tradition might contain some truth. Consequently, Marxian theory does not simply assume the neoliberal doctrine of "self-evident" autonomy of the financial economy vs the real economy. Today's investment bankers are the personification of that illusion which in the contemporary crisis turns out to be a misconception of the revenues of capital.
