Subjects Archives: Capitalism

On this episode, Scott Ferguson and Maxximilian Seijo speak with Mell about these and other connections that may be drawn between her own and neochartalism’s critical projects.

Some people, some companies, some decision makers in particular, have known exactly what priceless values they have been sacrificing to continue making unimaginable amounts of money. And I think many of you here today belong to that group of people.

In this interview, Foster discusses why a Green New Deal is just an entry point to an ecological revolution, and why any economic-social system that hopes to address the climate crisis must transcend capitalism.

MARTIN LUTHER KING spoke with vision against capitalism, and about the kind of changes needed to replace it: the following quotes reflect some of King’s key thoughts on the subject as US citizens mark Martin Luther King Day.

On 8 and 9 January, over 160 million workers went on strike in India from a broad range of sectors, from industrial workers to health care workers. This has been one of the largest general strikes in the world.

Through his relationship with the Chartist radical and labor poet Ernest Jones, Karl Marx came to realize the necessity of opposing slavery and colonialism in ending capitalism.

We’re all done singing to “days gone by” (even though no one really knows the lyrics). But, unless we change our tune and resolve to fundamentally alter the way the economy is organized, we’re going to have to face up to the problem that’s been haunting the United States for decades now: growing inequality.

“By its nature,” Marx writes in the climactic passage of a magnificent but very dense section of the Grundrisse, capital “posits a barrier to labor and value-creation in contradiction to its tendency to expand them boundlessly. And in as much as it both posits a barrier specific to itself, and on the other side equally drives over and beyond every barrier, it is the living contradiction.”

I think the left should stop talking about ‘neoliberalism’, as I argue in a recent journal article published in Capital & Class.

A new book argues that words like “innovation” are doing more than telling you who to avoid at parties.

Monopoly capitalism emerged from “laissez-faire” capitalism in the late nineteenth and early twentieth centuries, allowing giant corporations to dominate the accumulation process.

In this episode, we’re joined by Jamee Moudud, a professor of economics at Sarah Lawrence College, Jamee draws on the tradition of critical legal studies to extend the constitutional theory of money to new historical and international contexts.

A philosopher, fisherman and former member of the Situationist International reflects on the Bolivarian Revolution.

The most significant feature of contemporary capitalism which is of relevance to the world of work is its inability to provide work to a substantial proportion of persons looking for it.

Capitalism as we know it is over. So suggests a new report commissioned by a group of scientists appointed by the UN Secretary-General. The main reason? We’re transitioning rapidly to a radically different global economy, due to our increasingly unsustainable exploitation of the planet’s environmental resources.

THE German political economist Wolfgang Streeck is one of the world’s leading critics of neoliberal capitalism. He received international attention for his essay “How will capitalism end?” written in 2014 for the New Left Review. The much-discussed essay was later republished in book form.

Inequalities are immanent to capitalism. Capitalist modes of production are maintained through the reproduction of inequalities.

In fact, my book begins with the early Marx because he created the first version of what I call the philosophy of praxis. The key problem of this version of Marxism is what Marx called the “realisation” of philosophy.

Many wonder how it is possible, following the democratic governments of Fernando Henrique Cardoso, Lula, and Dilma Rousseff, that Brazilians have elected as President a shady federal deputy and die-hard defender of the military dictatorship that ruledthe country 1964-1985.

Capitalism in short was the panacea for mass poverty in the third world and not its progenitor as the Marxists had been arguing. The crisis that is enveloping the third world economies at present, is putting an end to that claim.