In 150 NYT, CNN and Fox articles, ‘oligarch’ seems reserved for Slavic billionaires
Subjects Archives: Capitalism
Green-smearing from Nicaragua to Bolivia
On one level the intensifying deceit of Western media foreign affairs coverage corresponds to the increasing desperation of Western elites confronting their failing global power and influence.
The systemic crisis of world capitalism
THE hallmark of a systemic, as distinct from a cyclical or sporadic, crisis of capitalism is that every effort to resolve the crisis within the broad confines of the system, defined in terms of its prevailing class configuration, only worsens the crisis.
Review of Money and Totality by Fred Moseley
Today, as the global economy flounders from crisis to crisis, Marx’s analysis of capitalism is the essential basis for a correct understanding of what is going on. Moseley’s book reaffirms key elements of this analysis.
What did Engels say about revolution?
Engels was a revolutionary democrat and a revolutionary realist, argues Dragan Plavšić
Don’t believe the hype about the ‘rules-based order’, capitalism is perpetual war
Why is war, or the threat of it, a permanent feature of our society? The most common answers point to contingencies–the psychology of particular world leaders, for example, or the specific gains to a company to be made from a conflict. Alternatively, they rely on universal claims that religion causes eternal strife or that conflict […]
Redwashing capital
Left tech bros are honing Marx into a capitalist tool
Making capitalism history
To perish or to radically transform the way we relate to one another and to nature, that is the question humanity has never had to face until now.
Freedom and slavery: the birth of capital
We are frequently told that capitalism equals ‘freedom’; that it is the organic product of ‘human nature’. But far from arising naturally, the birth of the ‘free’ market is built on violence, dispossession, and enslavement.
How working-class movements are moving beyond the confines of capitalism
The context for organizing today that faces working people across the world is one that must grapple with the challenges posed by a decentralized production process and a well-organized ruling class.
Climate change, dust bowls, fishery collapse: metabolic rifts of capitalism and the need for socialism
Humankind and the environment are hurtling toward unprecedented ecological crises. Global warming, sea level rise, and weather extremes due to carbon emissions are catastrophic enough, but they will mix and combine with ocean acidification, air and chemical pollution, water shortages, deforestation, fishery collapse, soil erosion, and mass extinction, throwing both nature and society off a […]
Portrait of the 2009-2019 U.S. expansion
June 2019 marks the 10th anniversary of the current U.S. economic expansion. If it makes it through July it will surpass the 1991-2001 expansion as the longest on record. But while expansions are to be preferred over recessions, there are many reasons to view this record-breaking expansion critically. In fact, the nature of this expansion, […]
Carbon markets in a climate-changing capitalism
Carbon Markets in a Climate-Changing Capitalism offers an account of why these earlier expectations were not matched by experience. While the contradictions of market solutions have not gone away, the difference this time is that we are just over a decade away from the IPCC’s 2030 benchmark for 1.5°C. The concentration and centralisation of emissions […]
Notes on Marx’s “General Law of Capitalist Accumulation”
Chapter 25 of Karl Marx’s, Capital, vol. 1 (“The General Law of Capitalist Accumulation”), not only explains the working conditions of the world’s peoples today; it also explains the conditions of our whole existence. Marx’s general law is nothing less than the lever upon which all our lives now pivot.
Global inequality in a time of climate emergency
Our worlds richest have a great deal of money. They also have the power to decide whether our civilization sinks or swims. So what can we do?
