Fred Weston, editor for marxist.com, discusses the most polarised US election in living memory. With little genuine enthusiasm for Joe Biden, the highest number of people in a century turned out to essentially vote either for or against Donald Trump. At the time of writing, it appears as if Biden has narrowly scraped through to take the presidency, in an election that has thoroughly exposed the rottenness of US ‘democracy’.
Apologists for capitalism argue that it is the best, most-efficient system that could ever possibly exist. But the current period of crisis and chaos prove otherwise. Today, the COVID-19 pandemic has triggered an economic collapse that threatens to throw society back to the 1930s, sending the world into a full-blown depression. Clearly, something is rotten at the heart of the system. The advocates of Keynesian ideas - or modern varieties like Modern Monetary Theory - cannot provide a real solution to this crisis. In his talk from this year's International Marxist University, Adam Booth, a leading activist of Socialist Appeal, explains why capitalism has failed, and what the way forward is for humanity.