Robert Fitch points to another place where Marx seems very modern.
Marx wouldn't have been surprised at the failure of the once highly touted $700 billion Troubled Asset Relief Program. "The entire artificial system of forced expansion of the reproduction process cannot, of course, be remedied by having some bank, like the Bank of England, give to all the swindlers the deficient capital by means of its paper and having it buy up all the depreciated commodities at their old nominal values."34 Making the swindlers whole does nothing to restore profitability in the real sector.
34 Vol III, ch.30. p. 490.
Fitch's analysis of the 2007-2008 crisis does not reduce to