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Subjects Archives: Political Economy

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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Michael Löwy

Ecosocialism: A vital synthesis

The capitalist system, driven at its core by the maximization of profit, regardless of social and ecological costs, is incompatible with a just and sustainable future. Ecosocialism offers a radical alternative that puts social and ecological well-being first.

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Toward a critique of political economy

Toward a critique of political economy

There is no necessary trajectory to Marx’s writings, no reason his earlier writings had to lead to or culminate in Capital. However, as we look back from the vantage point of his critique of political economy, we can see the ways his thinking changed and how the elements of that critique emerged.

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