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Step by step: How to fabricate news about the ‘default’ in Venezuela
Let us not forget that Standard & Poor, Moody and Fitch rating services are financed by the banks and therefore have no real independence.
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How capitalism uses gender oppression to rule
Following is the text of a talk delivered by the author on Nov. 4 at the “The Solution is Socialism” educational conference in Connecticut. The conference was hosted by the Youth for Socialist Action chapter at Central Connecticut State University, where the sessions were held.
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Precarious Work! The Reserve Army of Labor
The Reserve Army of Labor
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A century after the Bolshevik Revolution
In the world we’re living in, it’s not enough to solve the tension between capital and work, the ongoing crisis of civilization urgently demands that we address the tension between capital and nature, which is currently compromising the existence of life in our planet.
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Only intelligent planning can save us
Universalism is not an innocent concept. In “The Grandeur and Twilight of Radical Universalism,” published shortly after the fall of historical communism, Ágnes Heller and Ferenc Fehér, former Marxist philosophers and disciples of Georg Lukács, accused Marx and his followers of turning the Hegelian concept of universalism into a philosophy of praxis, a “predictive and action-orienting device” applied to change the world.
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Paradise Papers: Tax havens show the hypocrisy of the rich
Another glimpse into the lives of the rich and famous has come to light.
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Tax cuts: It’s all about capitalism
Powerful corporations and the rich in the United States continue their winning ways. By narrow margins, both the House of Representatives and Senate have agreed on a budget proposal that calls for an increase in the federal deficit of $1.5 trillion dollars in order to fund a major reform of the U.S. tax system that will make the rich and powerful even more so.
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Reconcile this
The world joined most South Africans in cheering when Nelson Mandela was finally released from prison, the apartheid regime was largely dismantled, and multiracial elections were eventually held.
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Neo-liberal capitalism and its crisis
“Neo-liberal capitalism” is the term used to describe the phase of capitalism where restrictions on the global flows of commodities and capital, including capital in the form of finance, have been substantially removed.
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Sustaining neoliberal capital through socio-economic rights
In a 2013 contribution aimed at influencing the post-2015 development agenda, seventeen UN Special Rapporteurs recommended that the Sustainable Development Goals (SDGs) should include a goal on the provision of social protection floors.
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Laughter is the best medicine
Only mainstream macroeconomists could possibly have thought that capitalism is self stabilizing. The rest of us—who have read Marx and Keynes…—actually knew something about the roots of capitalist instability.
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‘Leftist’ PM hails Trump in hopes to bind Greece to U.S. imperialism
The meeting was seen by many in the Greek left as an “unprecedented manifestation of subordination to the U.S. imperialists,” who backed violent Greek monarchists and military juntas throughout the Cold War.
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Dimensions of economic power: today’s key corporations
The images below are from a lecture I gave to at SOAS, London University, on 18 October. This was part of a series organised by the SOAS Economics Department, and my lecture covered the forms taken by corporate power today, focusing on Apple, Google/Alphabet, Facebook, Amazon and Alibaba.
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Richard York in Mauritius discussing the Anthropocene and ecological rift
A capitalist system cannot aim at responsible production that will reduce the negative impact on our future, and this is why we need a system change! This was the main theme of the second presentation of the day, done by Richard York. He exposed this concept through 6 different perspectives.
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In defense of old materialism
There was only once, in the final year of my PhD, that my supervisor and I butted heads. I had just submitted my fourth chapter for her review and, because I was living in another city at the time, she sent me an email saying we needed to speak on the phone urgently.
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Capitalism’s moral maze
Life as a consumer is very different to what we’re told.
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The Mexican earthquakes in perspective
Mexico suffered two powerful earthquakes in September 2107. The first, with magnitude 8.2 took place on September 7. With its epicenter off the Pacific coast of southern Mexico, it caused damage mainly in the states of Chiapas and Oaxaca. The second took place on September 19 and had a magnitude of 7.1, with its epicenter about 75 miles (120 kilometers) southeast of Mexico City, damaged the surrounding area, including Mexico City.
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Soft shell, hard core: on the 150th anniversary of the publication of Karl Marx’s Capital, Vol. 1
In bourgeois economic theory, competition, commodity production, profit seeking, and growth express something like the human essence. They are ahistorical constants, not the results of specifically capitalist relations that have historically emerged and can therefore be overcome. This is exactly what makes Marx’s critique of economics highly topical.
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“Capital is not a bible nor a cookbook”, says José Paulo Netto
The work of Karl Marx, Capital, considered “the Bible” of the revolution, was first published 150 years ago. Many political and ideological battles are fought until this day in the name of the German intellectual and his biggest work.
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Past continuous: Karl Marx’s Capital can help unravel the perplexities of modern-day capitalism
On September 14, it will be exactly 150 years since the publication of Capital: Critique of Political Economy, the first volume of Karl Marx’s epochal Das Kapital. The historicity of the book can be gauged by the fact that this first of three bulky tomes was published by a Hamburg publisher two years after the American Civil War but well above a decade before the incandescent bulb was invented. Capital however, literally acted as the bulb that shone a light on many a way.