Subjects Archives: Political Economy

Reckless financial speculation almost broke the world economy in 2008, but it has returned in new forms, showing capitalism’s inherent tendency to create crisis, argues John Clarke.

‘Say goodbye to selling into the wonderful U.S. Economy’ if dollar replaced; President-elect Donald Trump warns BRICS.

Rich tributes flow in for the ‘towering’ Marxist ideologue who passed away in Kolkata on November 28 at the age of 88.

In Africa, the leading forces of capitalism have ruthlessly wielded a neoliberal conception of corruption to undermine states’ sovereignty and open the continent to plunder at the hands of Western multinational corporations.

‘We are on the brink of an irreversible climate disaster’, scientists conclude. Donkeys: feral pests or nature’s saviours? Climate change threatens global food security and farmers’ incomes.

It is common for governments these days to provide fiscal transfers to capitalists, whether through reduced corporate tax rates, or by providing direct cash subsidies, to encourage greater investment by them and thereby stimulate the economy. During Donald Trump’s first presidency there had been a cut in corporate tax rate with this objective in mind. In India the Modi government, as is well-known, has given massive tax concessions with the same objective.

Despite 14 member states voting in favor, the U.S., as a permanent member, exercised its veto for the fifth time since October 2023.

The 50-Year Evolution of the GOP.

Crisis is endemnic to capitalism, writes Alex Snowdon in his monthly Marxism 101 column.

The political philosophy of classical liberalism, which provided the basis for liberal political praxis, was sustained by a long tradition of bourgeois economic thought, straddling both classical political economy and neo-classical economics.

Instead of solving the problems of the majority, the ‘far right of a special type’–a right that is intimately tied to liberalism–cultivates a politics of anger.

“Every single Democrat who voted for this is not taking the threat of Trump remotely seriously and should be disqualified from any leadership positions moving forward,” said Georgia State Rep. Ruwa Romman.

Understanding and truth are our best weapons against an exploitative society based on lies.

Russia has announced a $60 million diesel shipment to Cuba during bilateral meeting in Havana.

Michael Lavalette speaks to former Irish MEP, Clare Daly about her political history, her view on the current situation and her forthcoming general election campaign.

It should come as no great surprise that a Democratic Party which has abandoned working class people would find that the working class has abandoned them.

The BRICS declaration presumes that the international institutions in their current state are flawed because they are dominated by imperialist countries and are not representative enough; but they are flawed because their very essence is flawed, no matter how they are governed.

Many people now live in homes and rely on infrastructure that are owned by pension funds, insurance companies, and banks.

Capitalism and Spain’s right wing parties are responsible for Valencia flooding deaths.

Unearthing the chapter on fascism from Paul Sweezy’s The Theory of Capitalist Development (Monthly Review Press, January 1942).