PRAGOTI

In the various strands of the Radical Enlightenment the principle theme is the question of the crisis: we have the crises of the sciences, of reason, of modernity, etc. But, of course, Murzban Jal points out that in these renderings there is no crisis of capitalism. So it follows for the alternative Enlightenment, since something is indeed rotten in the state of the Enlightenment, the subject of history cannot be a class subject. The theme of the crisis of the sciences is now expressed in the crisis of Marxism. The proletariat cannot be the subject of history. And yet there has to be the subject. The tragic hero of Romanticism comes marching in. What Romanticism wants is not the negation of capitalism, but negation of all reality. The Romantics cannot be the revolutionaries, but only the tragic heros, who like Goethe’s Faust, are dragged to hell. There they take residence like Adorno, waiting for the missing messiah to come.

"This is now a very dangerous moment in the life of our country, because if the financial system did collapse, it would have all kinds of repercussions all over the country, and we don't want that. On the other hand, we cannot allow Wall Street and the Bush administration to push through a bailout package which meets only their needs and takes them off the hook, and puts all that money back into their bank accounts".

Sam Webb, National Chair, Communist Party USA, speaks to Political Affairs on the US financial crisis.

Eminent economist Prabhat Patnaik writes in the People's Democracy, providing in his usual lucid fashion, the whys, hows and wherefores of the financial crisis that has engulfed the United States' financial system. Article courtesy, "People's Democracy".

Pragoti editorial team's Subhanil Chowdhury, analyses the current crisis in the international financial market