During her last news conference in December, Janet Yellen stood firm on her record stating, “The global economy is doing well. We’re in a synchronized expansion. This is the first time in many years that we’ve seen this.”
Subjects Archives: Marxism
U.S. Secretary of State Rex Tillerson is threatening to ban the import and export of oil and crude products from Venezuela into the U.S. to pressure President Nicolas Maduro to “return to the constitution.”
The Washington, DC Public Charter School Board oversees some 120 public charter schools in the nation’s capitol, serving more than 43,000 students. And one member of that school board, John Goldman, is an MRA with clear white supremacist leanings. He has admitted to having an alter ego, “Jack Murphy,” under which he posted to websites […]
There’s no way to measure just how cheery this period really is — not if you’re the CEO of a major company. Just as the World Economic Summit was opening in Davos, Switzerland, and President Donald Trump was flying in to put his mark on the moment, PwS, a global consulting firm, released its annual […]
Thomas Friedman had a column in the New York Times yesterday justifying the Israeli slaughter of Arab civilians. Israel needs to go “crazy” in its confrontation with Hezbollah and Iran in Lebanon and Syria because, “This is not Scandinavia.”
I had a friend who as a child wrote to Ursula Le Guin. He was feeling miserable, bad things had happened to him and he wanted to run away to Earthsea. He told her that he felt ashamed that he wasn’t facing up to life, felt it was a failing that he just wanted to […]
Veteran labor activist Bill Fletcher jr. talks about how capitalism is based on the slave trade and colonialism, the Black contribution to Marxism, and the need to organize.
1. Introduction Capitalist development is based upon labour exploitation and environmental destruction. Through sexism and racism it has established second class citizens who are doubly-exploited. Democracy under capitalism is of the ‘low-intensity’ variety—where decision over economic resource generation and use are off-limits to the majority of the population, and where political systems facilitate the (mis)representation […]
Karl Marx was a materialist – more than that, he was a historical materialist. Marxists, in order to establish their credentials in political arguments, frequently claim that they are giving a materialist analysis of a phenomenon. The claim that a materialist analysis is being provided both attests to the Marxist credentials of the argument, and […]
A literalist, out-of-context reading of Marx can get one into trouble, or at the very least, leave you hopelessly confused. For help, I look to David Harvey. Perhaps the preeminent expert on Marx’s Capital in the English-speaking world, Harvey meticulously reconstructed Marx’s approach to money in his major treatise, Limits to Capital (1982).
Thousands of people will gather next week in Davos. Their combined wealth will reach several hundred billion dollars, perhaps even close to a trillion. Never in world history will be the amount of wealth per square foot so high. And this year, for the sixth or seventh consecutive time, what would be one of the […]
“The economic base built in Mao’s era laid the foundation for a sovereign capitalist development.”
Since the collapse of the Berlin wall and the Soviet Union, many on the left seem to have swallowed the idea that there is no alternative to capitalism.
A recently published paper by three Yale scholars reveals “that Americans, on average, systematically overestimate the extent to which society has progressed toward racial economic equality, driven largely by overestimates of current racial equality.”
A draft of the 2018 Nuclear Posture Review leaked to the Huffington Post indicates that the White House is planning changes to the U.S. nuclear arsenal and its nuclear-use policy that would increase the risk that nuclear weapons will be used.