Trump and Xi at the G20
Trump, China, and the Coming Crisis

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.

Karl Marx and money
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.

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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”?

goldcoin graph
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.

classicalbankers
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.

money people circle
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.

Das Kapital
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.

US Dollar Bill
In Defense of Marx's Labor Theory of Value

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.

capitalism isnt working small
Why You Should be a Socialist

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.

Wealth inequality
On Equality: Them and Us

From where does the “utopia of equality” idea arise?

michael-albert-main
Michael Albert and Parecon

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 […]

digging-a-hole
The Puzzle of Productive and Unproductive Labor

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. […]

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