Subjects Archives: Political Economy

“We understood that producing green coffee was not enough. The only solution was to advance toward control over the entire production process.”

Wars destroy cities and take lives. They also shake the world economy.

At stake is U.S. capacity to use global finance as a weapon of war.

Since the beneficiaries of the oil price rise will be immediately holding their windfall profits quite substantially as bank deposits that create no direct demand for goods and services, while the losers from inflation will have to curtail their total demand for goods and services in real terms, such an inflation will have a depressing effect on the level of world aggregate demand, and hence will cause a recession in the world economy.

Modern environmental crises are not accidental byproducts of economic activity but expressions of a structural contradiction embedded within capitalism’s organization.

The Trump Administration’s 2025 National Security Strategy represents a radical change from prior NSS documents. Its main thrusts are both racist and imperialist. It focuses on white ethnonationalism and anti-migration policies, its aspirations in the Western Hemisphere, capitalist economic relationships, and resource imperialism.

THE very concept of sovereignty of third world nations is now being sought to be abolished by imperialism in violation of all canons of international law, as is evident from the bombing of Iran by U.S. and Israel with the explicit objective of effecting a “regime change”.

ANDY HEDGECOCK recommends an unflinching analysis of the billionaire class that celebrates collective resistance to it.

U.S. Treasury Secretary Scott Bessent wrote on social media that this was a “deliberately short-term measure” and would not be of “significant financial benefit” to Russia.

Marxist theorist and militant Chris Gilbert has been involved in the Bolivarian Revolution for two decades. In this interview, conducted on February 22, 2026, he offers an analytical reading that situates the recent escalation within the broader history of confrontation between Venezuela and U.S. hegemony, and examines its implications for the country and the region.

The Indian government appears to have abandoned even the remnants of neutrality, and thrown in its lot with the U.S.-Israeli side. What explains this stand?

In a recent essay, we advanced a proposal for sub-federal governments to sell municipal bonds to their own public banks. We took the city as our primary point of departure, but the same lessons are applicable to U.S. counties and states. Establishing a public bank that regularly purchases municipal debt, we argued, would not only significantly […]

What chance do local governments have in fighting authoritarian austerity, especially when they are left to rely on feckless legislators at the state and federal levels who refuse to push back? Right now, we see austerity budgets appearing across every institution and major employer in the U.S. If the federal government continues to sabotage municipalities, […]

Through his attorney Barry Pollack, Venezuelan President Nicolás Maduro has denounced the United States for violating his right to a legal defense by attempting to prevent the Venezuelan government from paying his law firm’s fees.

To make sense of present developments it is essential to understand the dialectic of continuity and change in U.S. imperial grand strategy.

Lenin stated that he became a Marxist in the rural town of Samara, south of Kazan.

Brazil’s left, headed by the ruling Workers’ Party (PT), has long been a leading voice in Latin America against U.S. interventionism. When the United States launched its military action to kidnap Venezuelan president Nicolás Maduro on January 3, 2025, the Brazilian government and the PT joined a global chorus of shock and denunciation of this […]

The MARX MEMORIAL LIBRARY unpicks the two principal ways in which capitalists maximise the difference between what they put into the workplace and workforce – and the much greater profits they get out.

A MARXIST RESPONSE TO VIVEK CHIBBER’S MATERIALIST SOCIALISM.

The death of James Petras—the American sociologist whose writings influenced generations of critical thinkers across continents—passed through the world almost like a whisper. A scholar who spent his life exposing the violence of power, the inequalities of global capitalism, and the illusions of empire left this world with little noise beyond small circles of readers […]