Marx’s Capital has been heralded for many things, but providing an exhaustive account of a future socialist society isn’t one of them.
Subjects Archives: Capitalism
Gender and capital 150 years later
We are witnessing an era of conservative backlash on gender rights. Nearly across the board, women make less than men, make up a majority of those in poverty (70% of those in extreme poverty), and face the real prospect of becoming a victim of sexual violence (1-3 internationally).
U.S. trade deficits, Trump trade policies, and capitalist globalization
Understandably concerned about the consequences of the large and sustained U.S. trade deficit, many workers have grown tired of waiting for so-called market forces to produce balance. Thus, they cheer Trump administration promises to correct the imbalance through tariffs or reworked trade agreements that will supposedly end unfair foreign trade practices.
Today’s capitalism was born in slavery
By 1830, one million Americans, most of them enslaved, grew cotton. Raw cotton was the most important export of the United States, at the center of America’s financial flows and emerging modern business practices, and at the core of its first modern manufacturing industry.
Enclosed thinking
In a slave society, one can argue, the interest of the slaves lies in keeping the slave owner happy, for otherwise he is likely to flog and whip them mercilessly which would cause them great agony. Likewise in a caste society, one can argue, the interest of the Dalit lies in being as inconspicuous as […]
Does capitalism depend on credit?
Credit is essential for the continuation of capitalism but also a major source of its instability, writes the Marx Memorial Library.
What do we mean by socialism?
What the hell is socialism, anyway? Over the last decade, it has been one of the most frequently looked up words in the Merriam-Webster dictionary. And it’s easy to see why so many people feel the need for clarification.
Oscar Lopez Rivera calls U.S. intervention in Puerto Rico ‘biggest experiment in neoliberalism’
Oscar Lopez Rivera, the anti-colonial leader from Puerto Rico, has criticized the United States’ callousness and “experimental” approach towards the U.S. colony.
Where does women’s oppression come from?
The liberation of women must be at the heart of the struggle for socialism, argues the MARX MEMORIAL LIBRARY
The robot, unemployment, and immigrants
For every industrial robot introduced into the workforce, six jobs are eliminated. – Since a few days, Amazon has started Amazon Go. The idea is simple: a shop where you go in, take whatever you want from the shelves, and the cost goes automatically to a magnetic card that you carry.
Finding ways to be one: The making of Cedric J. Robinson’s radical Black politics.
Historian Robin D.G. Kelley explores the radical Black politics of scholar Cedric J. Robinson—from his historical understanding of race and capitalism as inherently inseparable systems, to his vision of the possibilities of politics, rooted deep in struggles past and present.
Studies in pre-capitalist modes of production
Marxism is not simply a form of anti-capitalism, but is a theory of the social and historical nature of humanity. Capitalism was understood by Marx to be a specific historical phase, in which the cycles and tendencies of human activity are qualitatively different than in previous periods, each of which had their own specificity.
Neoliberalism’s populist bastards
After the twin victories of Brexit and Trump in 2016, observers across the political spectrum described a face-off between populism and neoliberal globalism. Davos Man, we were told, stood shamed before the wrath of the masses. In a series of electoral defeats for the center and left, the world’s elites were reaping the fruits of […]
Introduction to the material constitution
In a couple of previous posts on Legal Form, Rob Hunter has reminded us of the importance and aptness of a Marxist approach to the analysis of public law. Hunter’s intervention could not be more timely: even after the economic and financial crisis, and despite the comeback of Marxism as a relevant intellectual source at […]
NYT joins campaign to purge the term, “white monopoly capital” in South Africa
The New York Times, the world’s premier journalistic purveyor of a “fake,” imperial, and profoundly white capitalist world view — masquerading as all the news that’s fit to print — wants us to believe that a now-bankrupt London-based public relations firm is behind South Africa’s regime-shaking debate over the rule of “white monopoly capital.”
How should socialists understand finance: remembering the lessons of Capital
For those on the Left, finance seems like a bourgeois pastime. Many of us outright despise the stuff. While the petit bourgeoisie drool over dividends and diversification, we prefer to focus on crisis and class.
Value, credit and crisis: Reading Marx out of context can lead to confusion
A literalist, out-of-context reading of Marx can get one into trouble, or at the very least, leave you hopelessly confused. For help, I look to David Harvey. Perhaps the preeminent expert on Marx’s Capital in the English-speaking world, Harvey meticulously reconstructed Marx’s approach to money in his major treatise, Limits to Capital (1982).
This is for the Guardian, NYT and the BBC: 1939 to 2018
Before I go any further with this let me state that I’m not a Trotskyist, or a Leninist, or a Stalinist or a Maoist (but I might have been all of the above, with exception of Maoist, at one time or another).
The end of the road for capitalism or for us all?
we have the certainty that matter remains eternally the same in all its transformations, that none of its attributes can ever be lost, and therefore, also, that with the same iron necessity that it will exterminate on the earth its highest creation, the thinking mind, it must somewhere else and at another time again produce […]
On the contribution of István Mészáros (1930-2017) to critical thinking
István Mészáros, an outstanding Hungarian Marxist philosopher, died on October 1st 2017 in London. Born in Budapest in 1930 into a working-class family, brought up by his mother, he began working in industry at the age of twelve. He actually lied about his age, claiming to be sixteen, in order to be accepted by the […]
