This category is for Marxist economic theory and economic history. For news and analysis of the present-day economy, head to Economy.
On the eve of the Autumn Budget, the bond markets – the investors who bankroll the British state – are getting jittery. The capitalists are losing faith in Labour’s ability to carry out the necessary cuts to ‘balance the books’. But what alternatives do they have?
Tech corporations and governments are pouring trillions into the ‘AI arms race’. But warning signs are flashing that this is all a massive speculative bubble, waiting to burst. This anarchic speculation is set to have a catastrophic impacts on the world economy.
This week marked 158 years since the publication of Karl Marx’s Capital – a monumental work uncovering the inner workings and contradictions of the capitalist system. Here, we republish Adam Booth’s preface to the newly-released third edition of Understanding Marx’s Capital.
In this episode of Marxist Voice, Nelson Wan explains Ted Grant’s article ‘Will there be a slump?’, and how the Marxist method allows us to understand capitalist crisis today.
In this episode of Marxist Voice, Joe Russell discusses Marx’s completion of the Labour Theory of Value.
‘A Nation of Shopkeepers’, by academic Dan Evans, argues that the working class has shrunk, giving way to a ‘new petty bourgeoisie’. He does this by changing the definition of class to a set of cultural values, abandoning the Marxist standpoint altogether.
With the recent rise of artificial intelligence, the capitalist press has gone into overdrive, peddling wild fantasies about the future of work. But are the bots coming for white-collar jobs? And what does this all mean for the class struggle?
With his sledgehammer approach to the political and economic status quo, President Trump is unleashing chaos upon the world order. In this article, Adam Booth analyses the decline of the dollar as the world’s currency, and its implications for capitalism as a whole.
In his masterpiece ‘Imperialism’, Lenin explained how the monopolies and banks rule over us, engendering conflict, chaos, and crisis. Today’s tumultuous situation is proof of this analysis. We need a revolution to expropriate the billionaires.
Across Europe, governments are hiking up ‘defence’ spending, whilst carrying out cuts and attacks on workers to pay for it. Rob Sewell explains the economics behind this ‘military Keynesianism’, and why it provides no way out for the capitalist system.
Trump is set to announce a barrage of new tariffs, in an attempt to stem the decline of US capitalism. Here, Niklas Albin Svensson outlines the Marxist position on the ‘free trade vs protectionism’ debate, and how tariffs will impact the world economy.
The notion of ‘degrowth’ – which advocates cutting down production to save the planet – has gained popularity within the climate movement. But there’s nothing radical about these academic, reformist ideas. Here, Lubna Badi provides a Marxist response to ‘degrowth’.