Subjects Archives: Capitalism

For over two years now, the world has been facing a pandemic the like of which has not been seen for a century, and which has already taken 15 million lives according to the WHO, without being anywhere near an end.

Economist Michael Hudson discusses the decline of the U.S. dollar, the sanctions war on Russia, his concept of “free-trade imperialism,” and financial parasitism.

This week, Grace talks to John Bellamy Foster, professor of sociology at the University of Oregon and editor of Monthly Review. They discuss Marx’s theory of nature and the relationship between humanity and nature under capitalism.

Prices of commodities can be broken down into the three main components: labour costs (v= the value of labour power in Marxist terminology, non-labour inputs (c =the constant capital consumed, and the “mark-up” of profits over the first two components (s = surplus value appropriated by the capitalist owners). P = v + c + s.

Celebrating the life and mourning the loss of our co-founder and co-director Kathy Boudin.

Late capitalism has exposed the drastic inequalities inherent to our neoliberal economy.

President Biden’s 2022 State of the Union Address included a call for a $15 federal minimum wage. According to an Economic Policy Institute study, a phased increase to a $15 federal minimum wage by 2025 would raise the earnings of 32 million workers—21% of the workforce, no small thing. 

If you really want changes requiring the dismantling of capitalism–and this does include the changes necessary to the imagined “green economy,”–then you will join in these efforts rather than condemning the project that inspires them.

On April 19, the International Monetary Fund (IMF) released its annual World Economic Outlook, which forecasted a severe slowdown in global growth along with soaring prices. ‘For 2022, inflation is projected at 5.7 percent in advanced economies and 8.7 percent in emerging market and developing economies–1.8 and 2.8 percentage points higher than projected in… January.’

The outbreak of World War I ushered in a new age of barbarism in Europe.

It is simply impossible to understand what is going on now in the world if we don’t take into consideration the crisis the globally dominant Western capitalism has been facing since 2008.

Working-class people in the United States are now at a turning point–whether to compliantly return to the pre-Covid conditions capital set for them, or to shift toward a new militancy toward capitalism.

As usual, the blatant hypocrisy of the capitalist system is so sickening it turns my stomach.  And, it should turn yours also.  Just to be clear, I don’t care one bit about Will Smith, Chris Rock, Jada Pinkett-Smith, the Oscars, the U.S. government, capitalism, any of it.

Australian socialist Jeff Sparrow is a writer, broadcaster and Guardian Australia columnist. He spoke to climate activist Martin Empson about his book, ‘Crimes Against Nature—Capitalism and Global Heating.’

The U.S. justifies wars of aggression in the name of human rights. The term has no meaning domestically either, as the people’s needs are subordinated to those of the ruling class.

The twin phenomena associated with contemporary globalisation, of migration of capital from the metropolis to parts of the third world, and of migration of labour from the erstwhile second world to the metropolis, have the effect of weakening the working class movement everywhere.

The Brazilian government remains firm in its objective of handing over indigenous lands, which make up 12% of Brazilian territory, to private hands, preferably agribusiness and mining.

First published in 1944, ‘Capitalism and Slavery’ is an investigation of the notorious relationship between the Atlantic slave trade and the emergence of European industrial capitalism from the sixteenth through the nineteenth centuries.

The latest UN Climate Report on impacts, adaptation and vulnerability released Feb. 28 once again urges immediate action and outlines the catastrophic effects that humanity faces with the continued lack of meaningful action. Compiled by 270 researchers from 67 countries, it outlines the impacts that are already unfolding and how these disasters will increase even […]

IWDA’s Content Coordinator Annelise Lecordier dives into the world of anti-capitalist feminism and shares the resources helping her learn more.