In the light of the current pandemic, here is a rough excerpt from my upcoming short book on Engels’ contribution to Marxian political economy on the 200th anniversary of his birth.
Subjects Archives: Capitalism
Ali raps in his verses that America is not the great place people make it out to be. He reminds us that slavery was present only two generations ago and extremely violent hate crimes occurred in the country. He also compares paying taxes to paying a homeless man for crack. Tax money is just supporting […]
There is no magic money tree – the ‘rescue packages’ aim to rescue a rotten system, and won’t work.
In a move seemingly reserved only for cartoonish villains, one of Austria’s best-known millionaires, Attila Doğudan, CEO of DO &CO—one of the largest culinary companies in Austria, and who employs over 11,000 people worldwide—has used the COVID-19 crisis to orchestrate a widespread layoff campaign against all restaurant employees within Austria.
Obviously, the situation associated with the sudden appearance of the SARS-CoV-2 virus and the COVID-19 pandemic is grim all over the world. Both the causes and the consequences are closely related to capitalist social relations.
“Corona is a black light and America is a cum-stained hotel room,” comedian Megan Amram colorfully tweeted a couple of weeks ago. Her observation has only grown more accurate since.
When health policy is looked at from the point of view of which issues involve a direct confrontation with ruling-class interest, which involve simply relative benefits to a class, and which are neutral, we can predict which kinds of measures are possible—highlighting the lie in the notion society is trying to improve health for all.
When trying to interpret, understand and analyze the daily flow of news, I tend to locate what is happening against the background of two distinctive but intersecting models of how capitalism works.
Snuggle in with us for another Cocoon Session where we give you a really cool and easy trick to hack your anxiety, talk about the way the quarantine is changing the world good and bad, and finally Caitlin has her proof that humans are not the problem after all.
The coronavirus pandemic is a serious public health problem and the human suffering caused by the spread of this virus will be enormous. If it massively affects countries of the Global South with very fragile public health systems that have been undermined by 40 years of neo-liberal policies, the death toll will be very high. […]
COVID-19 has challenged humanity: on what principles do you organise your society? The pandemic could have been defeated by cooperation, planning, transparency, and social solidarity. But instead, it was born into a society based on competition, secrecy, lies, and greed.
The political answer is not acceleration but refusal. And this is indeed what is has begun to manifest, in a variety of social rebellions. This includes the strikes of gig economy labor, the protests of Silicon Valley tech workers, anti-surveillance movements, urban protests against the smart city, defections from social media sites, algorithmic-bias busting, and […]
What are the underlying structural reasons for the coronavirus outbreak? According to Monthly Review Press author Rob Wallace, you have to look at global agriculture if you really want to understand the nature of global outbreaks.
In the midst of a pandemic, one would expect all countries to collaborate; that a humanitarian crisis of this magnitude would provide ample opportunity to end (or suspend) inhumane economic sanctions. Is this not the time for the imperialist bloc, led by the U.S., to end the sanctions against Cuba, Iran, Venezuela, and a series […]
The real danger of each new outbreak is the failure or—better put—the expedient refusal to grasp that each new Covid-19 is no isolated incident. The increased occurrence of viruses is closely linked to the proliferation of capitalist food production and distribution.
The money trail of U.S. Sanctions leads to the Federal Reserve Bank of New York, which—behind the shadow of secrecy laws that effectively prohibit any form of public accountability—facilitates the theft of public wealth from targeted countries on a scale only previously accomplished through military invasion and occupation.
In her recent volume Re-enchanting the World: Feminism and the Politics of the Commons (PM Press, 2019), Silvia Federici fruitfully brings together feminist reflections with discussions of the commons as a possible way of overcoming capitalism.
We, the hosts of the Money on the Left podcast, write to express our solidarity with the University of California, Santa Cruz (UCSC) graduate students participating in an ongoing wildcat strike for a Cost of Living Adjustment (COLA). We extend our full support to not only the 82 UCSC graduate students who the UC administration […]
To me, the Lebanese crisis looks like, in the first instance, as a foreign exchange and international transactions crisis, a classic developing country crisis in the era of financialisation. As such it is closely connected to the country’s policy on the exchange rate. The fixed peg policy chosen by the Lebanese ruling class and operated […]
What to do if confronted with an extremely contagious virus that medical experts say they have not seen before and don’t understand, and which is fast spreading and killing hundreds of people? a) Take precautionary measures to stop the virus spreading and prepare the health system for a potential shock? Or b) Ignore it, blithely […]