For nearly 300 years, capitalism propelled the world's most successful economies to new heights of development. But a spate of global environmental disasters and severe economic crises compels thinkers to question whether the system continues to function. Leveraging historical perspective, extensive research, and case studies, The Crises of Capitalism builds a compelling argument that challenges the most fundamental assumptions of prevailing economic theory. Saral Sarkar exposes capitalism's flaws through the lens of ecosocialism, a philosophy that asserts that natural resources drive production and development. Keynes, Schumpeter, Marx, and Engles had no reason to believe that there would ever be a shortage of oil, minerals, water, or food—and that technological innovation could surmount any obstacle. But oil extraction has peaked, food is harder to come by, and the cost to maintain what natural resources remain has increased exponentially. Capitalism requires constant innovation to create growth—but as Sarkar establishes, even computers wouldn't exist without copper, gold, and zinc. The Crises of Capitalism exists at the intersection of environmental awareness and economic theory. Sarkar challenges predominant explanations for catastrophic events like the 2008 global economic crisis, revises the classic paradigm of growth, and points to evidence of systemic economic failure. In this provocative, revolutionary criticism, Sarkar suggests that like other long–abandoned economic theories, capitalism has reached its limits. "This is an important book, and it is on the front edge of the thinking that has to come to bear on the real crisis the world is facing, of the impossible idea of growth forever and the economic model that is driving the planet into irreversible crises." —Doug Tompkins

The old saw, "Gennany is the heart of Europe, Saxony the heart of Germany," Treitschke derided as that "favorite, self congratulatory phrase" parroted by reactionary Saxons. His ridicule is understandable. He was born a Saxon, yet adored Prussia, which forced his native kingdom into the Kaiserreich. Historians of this century, also loyal in a sense to the German Empire, have dismissed internal affairs of the federal states as parochial. Thus Saxony, though wracked by political agitation more severe than in any other German state during the last two decades of the Wilhelmian era, has been generally looked upon as peripheral to the great national issues of the day. Solid as Treitschke's grounds may in his time have been for scoffing at the anachronism of Saxon particularism, recent history has shown that Saxony was after all the heart of Gennany in more than the geographic sense. It was by far the most Lutheran region of Gennany and was often called the "model land" of Liberalism, a way of life not to be confused with liberal democracy in the M usterliindle, Baden, or in the Kingdom of Wiirttemberg. In Land Sachsen the small independent entre preneur did not vanish from the scene during the industrial boom of 1871-g0 as he did in Rhineland-Westphalia.

Around 1900, standard contracts and clauses spread throughout international industries such as transport, insurance and finance. The "earthquake clause", which was globally introduced by reinsurers after the 1906 San Francisco catastrophe, exemplifies this paradigmatic change of the law.