Тере Ваден

Terminal recession - what is it?

February 3rd at 2 PM at Kupoli of New student house, Mannerheimintie 5 B 7th floor

The present recession is not an ordinary hiccup in capitalist circulation. A terminal recession results as economic growth hits the limits of cheap energy. The amount of free labour de-grows. Various efforts of adjusting the so-called real economy to the end of growth follow. We have to expect not only uncertainty but also an increase in authoritarian tendencies.

Introduction by Tere Vadén

Author columns

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Video version
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