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Subjects Archives: Economic Theory

Miguel Díaz-Canel and Xi Jinping

Partners: China and Cuba

In the 1960s, the main forms of the Chinese assistance offered to Cuba were preferential trade and interest-free loans. From 1961 to 1965, China gave Cuba an interest-free loan of 60 million U.S. dollars.

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The Franciscan Invention of the New World with Julia McClure

Money on the Left is joined by Julia McClure, lecturer in Late Medieval & Early Modern Global History at the University of Glasgow. McClure’s 2017 book, The Franciscan Invention of the World, draws compelling and confounding conclusions about the role of the late Medieval Franciscans in shaping the modern capitalist and colonialist world. We talk with McClure […]

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Chart of the day December 17, 2020

Chart of the day

Both the number of initial unemployment claims for unemployment compensation and the number of continued claims for unemployment compensation are once again on the rise, signaling a worsening of the Pandemic Depression.

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THE END OF WORK? Labour leader Keir Starmer meets a fleet of Starship delivery robots at a Co-op in Milton Keynes, during a visit to discuss technological innovation during Covid-19

Does automation spell the end of capitalism?

Capitalism will not ‘automatically’ morph into some ‘postcapitalist’ or socialist system due to technology replacing the human workforce. As the MARX MEMORIAL LIBRARY explains, ending capitalism will require a conscious, collective action on the part of ‘the many’—the working class.

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