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A Monthly Review project providing daily news and analysis of capitalism, imperialism and inequality rooted in Marxian political economy
Worsening economic inequality in recent years is largely the result of policy choices that reflect the political influence and lobbying power of the rich. There is now a self-reinforcing pattern of high profits, low investment, and rising inequality–posing a threat not only to economic growth, but also to democracy.
Keynote Paper delivered at the 14th Forum of the World Association for Political Economy, July 21, 2019. Today’s world is at war on many fronts. The rules of international law and order put in place toward the end of World War II are being broken by U.S. foreign policy escalating its confrontation with countries that […]
The potential mass appeal of the Freedom Budget failed to materialize in part because “realistic” compromises were made by its supporters: partisans of the Green New Deal should not make the same mistake.
While the ratio of debt to GDP fell in 2018—for the first time in a decade—for both advanced & emerging market economies it remains high, much higher than at the start of the 2007-08 crisis; and has also continued to rise in some major economies. Debt update
Why is it that just 1p of a £2.50 cup of coffee goes to the farmer who cultivated and harvested the coffee beans?
There is no global social unity in the face of climate disaster. Yet we need a genuinely internationalist rebellion against the corporations at the extractive imperialist heart of British capitalism. Their extinction as a species is required to save the planet.
Imperialism is getting something for nothing. It is a strategy to obtain other countries’ surplus without playing a productive role, but by creating an extractive rentier system. An imperialist power obliges other countries to pay tribute.
During the July 14, 2019 meeting between France, Germany, and the UK to discuss their response to the U.S. withdrawal from the Iran Nuclear Deal, President Hassan Rouhani remarked that Iran is “always ready for negotiation.” Iran, he said, urges the U.S. to “abandon bullying.”
Left tech bros are honing Marx into a capitalist tool
The largest delegation from outside Russia at the St. Petersburg International Economic Forum in early June came from China.
To perish or to radically transform the way we relate to one another and to nature, that is the question humanity has never had to face until now.
The battle against Big Tech has now decisively emerged as a new front in the fight for the right to the city
Links International Journal of Socialist Renewal reposted from Progress in Political Economy — The idea of mass strikes within the Marxist tradition has been most powerful against capitalism. With the idea of strikes, Marx wants to bring about an epistemological change in the working class, “so they would know that they are, together, ‘the agent of production’, and that […]
Everything about the trade war between the United States and China is bewildering. Truces would come out of nowhere but then they would be set aside by U.S. President Donald Trump in a stream of tweets at odd hours. Regardless, Huawei and China are unlikely to blink. They have the upper hand.
Despite its reputation as the wealthiest generation, baby boomers (generally considered to be those born between 1946 and 1964) are facing a retirement nightmare.
The debate over inequality has become hotter world-wide. While Trump had introduced substantial tax cuts for the rich in 2017, and Britain’s Boris Johnson, the front-runner to succeed Teresa May, has promised to do the same if he becomes Prime Minister, there are strong proposals for taxing the rich which have also been mooted. Bernie […]
We are frequently told that capitalism equals ‘freedom’; that it is the organic product of ‘human nature’. But far from arising naturally, the birth of the ‘free’ market is built on violence, dispossession, and enslavement.
The context for organizing today that faces working people across the world is one that must grapple with the challenges posed by a decentralized production process and a well-organized ruling class.
Tricontinental: Institute for Social Research launches its eighteenth dossier, “The Only Answer Is to Mobilize the Workers.” The challenges facing Indian workers and their strategies to fight back are explained through the insights and expertise of K. Hemalata, president of the Center of Indian Trade Unions (CITU).
Humankind and the environment are hurtling toward unprecedented ecological crises. Global warming, sea level rise, and weather extremes due to carbon emissions are catastrophic enough, but they will mix and combine with ocean acidification, air and chemical pollution, water shortages, deforestation, fishery collapse, soil erosion, and mass extinction, throwing both nature and society off a […]
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