Subjects Archives: Capitalism

In our inaugural episode, we consider the recent resurgence of full employment politics in the United States from both a political and historical perspective with historian David Stein (@davidpstein).

In this in-depth interview conducted in Dakar, Samir Amin speaks on a wide range of topics: globalisation; generalised monopoly capital; the alarming growth of inequality; the role of the state in the neoliberal era; globalisation and delinking; capitalism and modernity; the return of fascism in the contemporary capitalist world, and more.

Dennis Broe traces the history of the representation of labour on screen, and finds inspiration for celebrating May Day and continuing Marx’s struggle against capitalism.

In Chávez The Radical XIV, Chávez reflects on the contradictions of public planning and the transition to a socialist economy, within a system that remains dominated by capitalism.

Bolivian President Evo Morales hit back today at right-wing national representatives, including U.S. Vice President Mike Pence, who attended this weekend’s Summit of the Americas in the Peruvian capital Lima.

The Labour leader played an active part in organising against and resisting the National Front in the late ’70s.

Today, one hundred and fifty years after the publication of the first volume of Capital, Marx remains our contemporary.

Marx’s Capital has been heralded for many things, but providing an exhaustive account of a future socialist society isn’t one of them.

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).

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.

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.

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 possible, in not ‘polluting’ the upper castes through his presence, for otherwise he is likely to be beaten and lynched.

Credit is essential for the continuation of capitalism but also a major source of its instability, writes the Marx Memorial Library.

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, the anti-colonial leader from Puerto Rico, has criticized the United States’ callousness and “experimental” approach towards the U.S. colony.

The liberation of women must be at the heart of the struggle for socialism, argues the MARX MEMORIAL LIBRARY

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.

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.

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.

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 the inequality and democratic disempowerment they had sown.