By John Bellamy Foster
October 26, 2008 -- Six months ago the United States was already deep in a financial crisis -- the roots of which were explained in `The Financialization of Capital and the Crisis' (Monthly Review, April 2008). Yet, the conditions now are several orders of magnitude worse and are affecting the entire world.
1 "Government's Leap into Banking Has Its Perils," New York Times, October 18, 2008.
[John Bellamy Foster is editor of Monthly Review. This postscript was written for the Portuguese translation of "The Financialization of Capital and the Crisis" that will appear in Revista Outubro, Brazil. It first appeared at MRzine and has been posted at Links International Journal of Socialist Renewal with permission.]