Top Menu

Archive | Commentary

Monthly Review Magazine

Berlin Bulletin by Victor Grossman

Cassandra calls

Eye-catching in Chemnitz were not just Hitler salutes under the statue of Karl Marx but the friendly cooperation between leaders of nasty PEGIDA anti-Islam movement, local pro-fascist thugs and a representative of the racist Alternative for Germany party (AfD).

Continue Reading
Capitalism at its finest.

Sharing, not selling: Marx against value 

The originality of Marx’s Capital is often underestimated. Countless commentaries have appeared, but only a few have taken the full measure of Capital’s truly unique and counter-intuitive outlook. Critics generally assume that Marx was pursuing familiar questions of economics or philosophy in a fresh way–that his aim was to explain profits, history, or ontology.

Continue Reading
Cumulative change in real annual wages, by wage group, 1979–2013

A decade since the 2008 crash

Ten years since financial markets crashed in the United States, the world economy is anything but near so-called “recovery.” Ever more urgent is the need for people’s sovereignty, which could be a key principle in orienting economic and development policy especially in the global South today.

Continue Reading
Norges Bank Government Pension Fund Global (Norway)

Socialism is about workers, not wealth funds

The Social Wealth Fund plan is insidious in the sense that it has the capacity to redirect vast amounts of energy and resources toward a goal presented as “socialist” when in reality it is fundamentally incompatible with socialism. We must bring the discussion out into the open to prevent such seductive ideas from compromising the […]

Continue Reading