Adam Booth
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Marxism vs Modern Monetary Theory

MMT has created a buzz on the left recently. Instead of trendy new ideas, however, we need the clear scientific analysis of capitalism that Marxism provides.

What is Money? Part Five: The Future of Money

How do we break the spell of the so-called “root of all evil” and free ourselves from these “chains of gold”?

What is Money? Part Four: Inflation and the Gold Standard

Adam Booth examines the factors lying behind inflation and explores the role of gold as the basis for an international monetary system.

What is Money? Part Three: The Rise of the Bankers

Adam Booth looks at the growth of finance, the development of banking, and the role of credit within capitalism.

What is Money? Part Two: Value and Social Relations

In the second part of his series looking at the role of money within capitalist society, Adam Booth explores the questions of value, alienation, and profit.

What is Money? Part One: The Origins of Money

In the first of a five-part series analyzing the role of money within capitalist society, Adam Booth looks at the origins of money.

Capitalism in Crisis: A Sinking Ship Without Any Lifeboats

As Adam Booth explains in this article, serious bourgeois economists can see a new world economic slump coming, which they have no way of averting, having already used all the traditional measures they would have […]

The Crisis of Cosmology

Since the dawn of civilization, humans have questioned the workings of the natural world around them and their own place in the Universe.

World Economy: Capitalism Lurches From One Crisis to Another

“Six years on from the financial crash that brought the world to its knees, red warning lights are once again flashing on the dashboard of the global economy.” Such ominous statements may sound familiar to […]

IPCC Report: Climate in Crisis Shows the Necessity of a Revolution

The past seven months have seen the release of the Fifth Assessment Report by the Intergovernmental Panel on Climate Change (IPCC), the international scientific body set up by the United Nations to provide the most […]

The Degradation of Science Under Capitalism

Centuries of scientific research and investigation have helped to propel society forwards and improve the lives of millions. But, as with all other areas of society, the senility and decay of capitalism is now being […]

Socialism—the Only Alternative to Austerity

Reform or revolution? This has been the main ideological debate in the labour movement for the past century. Today, the crisis of capitalism poses the question sharply. Unlike in the past, however, the material basis […]