Corporate magazine describes and bemoans the “end of capitalism”

April 11, 2023 fwstaff

By Chris Fry

An April 5th article from aptly-named pro-capitalist magazine website,, carried the title:  “‘We may be looking at the end of capitalism’: One of the world’s oldest and largest investment banks warns ‘Greedflation’ has gone too far.”

This piece by Will Daniel is a study of an essay by Albert Edwards, the chief global strategist at the French bank Société Générale. This investment bank is labeled as “systemically” important by the G20….

It should be pointed out that Marx and his comrade Frederick Engels didn’t to make this letter public for 17 years in order to not create disunity in the broad workers movement, just as today revolutionary socialists support calls for reforms, particularly coming from organizations of the oppressed. That is why, for example, we favor permanent community-controlled price controls of essential goods and services needed by our class as well as reparations for the oppressed communities.

But we want banker Albert Edward’s dream, or rather for him, his nightmare of the “end of capitalism” fulfilled, to make these reforms unbreakable. And that’s what defines revolutionary socialism.

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