This book chapter explains the current GFC in a manner different to the underconsumptionist account provided by Ivanova.
Kliman – The Failure of Capitalist Production Ch 8
Richard Wolff is a Marxist economist, apparently. His homepage contains links to discussions of Marxist economics. These may be useful although I have not had time to check anything out.
Pat will introduce this material on 02.05.12 and we will discuss it (further) on 09.05.12.
Emma has suggested that we look at this article and I agree: it provides a contemporary Marxist perspective on the very recent history of consumer capitalism and its crisis-ridden character. I am not sure when we will discuss it but I will resolve this issue over the next two to three weeks.