What Do Marxists Mean by the Crisis of Capitalism?

The capitalist system has thoroughly exhausted its potential and threatens to take us down with it.

Davos 2023: Capitalism’s Polycrisis Strikes Fear into the Ruling Class’s Hearts

The global elites gathered in Davos last week to discuss the fate and future of capitalism. With the world economy wracked by inflation and instability, a mood of pessimism prevailed.

Capitalism’s Impending Catastrophe

The ruling class is in turmoil, fearful of a social, political, and economic “permacrisis.” The only way out: implacable class independence and struggle as we build a disciplined force that can ensure the victory of […]

Marxism vs. Libertarianism

Defenders of the free market look towards libertarians—and their assertion of an “economic calculation problem”—in order to attack socialism. But in truth, Marxists answered these reactionary arguments long ago.

Why We Fight for Workers’ Control and Management

Workers’ control is the first step along the road to socialist planning based on the nationalization of the commanding heights of the economy.

What Would Karl Marx Think? New Magazine Out Now!

Alan Woods’ editorial on Marxist economics from the Winter 2022 issue of In Defence of Marxism, the theoretical journal of the IMT.

Keynes: Capitalism’s Utopian and Impotent Oracle of Doom

The 2008 crash and coronavirus crisis have revived interest in the theories of liberal English economist Keynes—but his life and ideas show that he was no friend of the working class. We need socialism, not […]

Inflation and Instability: Contradictions Mount for Capitalism

Governments spent the last year propping up the capitalist system with unprecedented state support. These desperate measures have built dynamite into the foundations of the world economy—which is now set to explode.

Trusts and the Bipartisan Rise of US Imperialism

The chaos of monopoly capitalism can only be solved by bringing the giant monopolies under workers’ control and ownership—not through greater regulation or by “breaking them up.”

speculation gambling and the stock market
NFTs and SPACs: the Insanity of Casino Capitalism

In the midst of the pandemic, speculative investments continue. The latest celebrity-driven fads, NFTs and SPACs, are among the most insane expressions of this.

Financial Crisis Image: Pixabay
Will There Be a Boom?

The capitalists are eager for the COVID-19 crisis to come to an end, and many anticipate a rapid economic bounceback. But the new normal will be one of crisis, chaos, and class struggle.

Workers' Control in Venezuela
Workers’ Control and Nationalization

What would workers’ control of industry look like, and why is nationalization and democratic central planning of the key levers of the economy so important?