It is one thing when Marxists predict that the crises in capitalism will lead to a crash because, honestly, like Chicken Little, we are always saying the sky is falling. However, this insider when interviewed at the World Economic Forum, was once the chief economist for the Bank for International Settlements (BIS), hardly a communist organization! He is one of the few economists who predicted between 2005 and 2007 that finance capital was in big trouble. Notice the pathetic euphemisms like “mischief” and “spending forward into the future” to mask what is really going on.
