Subjects Archives: Political Economy

A distinction is drawn in economics between demand-constrained systems and resource-constrained systems (which for simplicity and symmetry we shall call supply-constrained systems).

Marx studied UK manufacturing industries, at that time the most representative of world capitalist development, unveiling the general law of the development of capitalist societies more than 150 years ago.

According to Western politicians and neoliberal economists, China’s industrial subsidies and production capacity are to blame for the U.S.’s trade deficit and its apparent inability to reindustrialise its economy.

Freeing ourselves from the monster destroying our planet and our futures.

Within the United States, homelessness has become a permanent feature of the capitalist system, and around 650,000 U.S. residents sleep on the streets on any given night.

Andrew J. Douglas, political theorist and professor of political science at Morehouse College, joins Money on the Left to discuss his latest article, “Modern Money and the Black University Concept,” published April 19, 2024, in Money on the Left: History, Theory, Practice. 

We are on the possible verge of a major escalation in the war in the Ukraine, one which risks war between NATO and Russia, and one involving nuclear weapons, argues Chris Bambery.

In 1500, India and China were the world’s most advanced civilizations.

Leading states that met to reduce carbon emissions are home to some of the world’s top 60 banks. Among these, US banks are the largest fossil fuel financiers, while London-based Barclays leads in Europe.

Margaret Kimberley, Executive Editor of Black Agenda Report, was invited to brief the United Nations Security Council on May 20, 2024, as a civil society representative. The subject of the meeting was weapons supplies to Ukraine as a threat to peace and security.

Between June 13 and 15, the G7 Leaders Summit, the organization responsible for the neocolonial and financialist policies implemented at a global level, will be held in the Apulia region, in Italy. 

It is not a difficult proposition to substantially reduce poverty through redistributive measures. About one tenth of India’s GDP would need to be devoted to providing adequate food for the population, basic and comprehensive healthcare, compulsory free education, employment guarantee and old age pension; for which additional taxation of 7 per cent of GDP that the rich and super-rich can easily bear, would be needed. Combined with vigorous implementation of the existing National Food Security Act 2013 and the MG National Rural Employment Guarantee Act, genuine large-scale reduction of poverty would result

The latest example is its pressing for release of John McCain pallbearer from Siberian jail while it ignores a socialist arrested by the Ukrainian intelligence services and another socialist who was murdered.

Behind the efforts of the powerful to unleash chaos against students protesting for Palestine.

Primitive accumulation is the historical process through which capitalists stole their wealth or took it by force. Canadian ecosocialist Ian Angus has contributed an excellent new book on this history, covering the violent transition from feudalism to capitalism in depth while demonstrating its continuing relevance to the modern world..

As the Occupy protests of 2011 exhausted themselves, a dramatic turn from protests to politics surfaced.

Grace Blakeley is a media star of the radical left-wing of the British labour movement. She is a columnist for the left-wing journal, Tribune, and a regular panellist on political debates in broadcasting—often the only spokesperson on the left advocating socialist alternatives.

What if it’s not us who are sick, asks Rod Tweedy, but a system at odds with who we are as social beings?

The paper’s author found that the five largest military contracts to major tech firms between 2018 and 2022 “had contract ceilings totaling at least $53 billion combined.”

Modern liberalism was developed in response to the Bolshevik Revolution during the capitalist crisis of the inter-war period, as a way of resolving that crisis, and other similar crises that could arise in future, without transcending capitalism.