The social costs of the next recession will be borne first by the working class. No level of sustained economic growth under capitalism will reverse the exploitation of workers that drives that growth.
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.
How do we break the spell of the so-called “root of all evil” and free ourselves from these “chains of gold”?
Adam Booth examines the factors lying behind inflation and explores the role of gold as the basis for an international monetary system.
Adam Booth looks at the growth of finance, the development of banking, and the role of credit within capitalism.
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.
In the first of a five-part series analyzing the role of money within capitalist society, Adam Booth looks at the origins of money.
First developed by the early bourgeois economists, the labor theory of value has now become an anathema in bourgeois circles, not least because of its revolutionary implications.
Rob Sewell, editor of Socialist Appeal (Britain), looks at the ongoing crisis of capitalism, the growing inequality in the world today, and the potential for transforming our lives on the basis of modern technology.
From where does the “utopia of equality” idea arise?
To put it bluntly, the future for young people in America is bleak. In these conditions, millions of youth are beginning to question whether capitalism has anything to offer. There is a lot of interest […]
In their desperate search for profitable fields of investment, the capitalist class, especially the financial oligarchy, has presided over an explosive growth of unproductive expenditure that today threatens to undermine the very edifice of capitalism. […]