-
‘Let the capitalists know that their properties will be trashed’ – an interview with Andreas Malm
In a wide-ranging discussion with ROAPE’s Peter Dwyer, Andreas Malm engages with African political economy, the climate emergency, anti-capitalist alternatives to development and the radical thought and politics of Frantz Fanon and Walter Rodney. Colin Stoneman introduces ROAPE readers to Malm’s work and politics.
-
Neo-liberalism and anti-inflationary policy
Central banks all over the capitalist world are raising, or are about to raise, interest rates as a means of countering the currently rampant inflation, which is certain to push a world economy that is barely recovering from the effect of the pandemic, back towards stagnation and greater unemployment.
-
Marcos Jr. Presidency: A long view
For three decades, contemporary public discourse on the Philippines has been marked by reference to a period called the “post-Marcos era.” Weeks after a high-stakes national election, that widely-accepted historical marker is suddenly obsolete.
-
African Liberation Day 2022: Smash neo-colonialism!
The age of classical colonialism in Africa changed the course of history. Exploited trade agreements and pseudo alliances between African nobility and European merchants led to heightened warfare, looting, and genocide across the continent.
-
Crisis of Sri Lankan capitalism provokes a popular uprising
Since early April, Sri Lanka has been engulfed by a wave of mass protests demanding the resignation of President Gotabaya Rajapaksa. Thousands of workers and students have mobilised in the most significant mass movement in 30 years.
-
Report card on a failing economic system
On Friday, May 6, the Federal Reserve released data showing that consumer credit (debt) has been accelerating since the fourth quarter of last year, with revolving credit (largely credit card debt) speeding up at an even greater pace since the third quarter of 2021.
-
U.S. Federal Reserve says its goal is ‘to get wages down’
U.S. Federal Reserve chairman Jerome Powell said his goal is “to get wages down,” complaining workers have too much power in the labor market. Economist Michael Hudson says this is “junk economics,” and corporate monopolies are driving inflation, not wages.
-
Fighting inflation excuse for class warfare
SYDNEY and KUALA LUMPUR. A class war is being waged in the name of fighting inflation. All too many central bankers are raising interest rates at the expense of working people’s families, supposedly to check price increases.
-
One million people killed by capitalism
One million people in the United States have died of COVID-19. Coronavirus was written on their death certificates as the cause.
-
The inhumanity of 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 on decline of dollar, sanctions war, imperialism, financial parasitism
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.
-
Turning the Earth into money w/ John Bellamy Foster
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.
-
Inflation: wages versus profits
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.
-
Kathy Boudin: a great life and a great loss
Celebrating the life and mourning the loss of our co-founder and co-director Kathy Boudin.
-
Labor organizing in the U.S. in 2022: the anti-worker, anti-union corporate agenda
Late capitalism has exposed the drastic inequalities inherent to our neoliberal economy.
-
It’s past time for a $15 federal minimum wage
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.
-
Toward building a “New World”
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.
-
I cannot live on tomorrow’s bread: The Seventeenth Newsletter (2022)
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.’
-
Understanding war: Lenin’s ‘imperialism: The highest stage of capitalism’
The outbreak of World War I ushered in a new age of barbarism in Europe.
-
2005-22′: The crisis of western capitalism behind the left and far right radicalism
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.