Implications and Consequences of the Global Financial Crisis to the People's Anti-Imperialist Movement

The economic and financial crisis of the US and world capitalist system has worsened to a new and unprecedented level since the Great Depression. This signifies the utter failure of the attempt of the US and other imperialist powers to overcome the problem of stagflation under Keynesianism with the policy shift to neoliberalism. Instead, the latter policy has aggravated and deepened the crisis of overproduction in the real economy and has given free rein to the abuses of finance capitalism.