The 1930s Great Depression: Could it happen again?
In this discussion, James Kilby talks about the 1930s depression, looking at the similarities and differences to todays’ crisis.
Economics
This category is for Marxist economic theory and economic history. For news and analysis of the present-day economy, head to Economy.
Is this the end of globalisation?
In this talk, Niklas Albin Svensson discusses globalisation and the fracturing world economy.
Marxism, money, and inflation
Workers everywhere are struggling to maintain living standards in the face of soaring prices. The ruling class, meanwhile, is looking to curb inflation by provoking a slump. But what are the real causes behind inflation? And how do we fight it?
FTX and the crypto collapse: The bubble bursts, but the gambling goes on
Investors are calling time on cryptocurrencies, following the downfall of the FTX exchange and its founder, Sam Bankman-Fried. But this episode is only the latest speculative bubble – a symptom of the insanity of capitalism.
Cryptocurrency, NFTs, and speculative bubbles: The casino of capitalism
Nelson Wan discusses the ludicrous casino of capitalism.
Marxism vs libertarianism
Defenders of the free market look towards libertarians such as Hayek and Mises – and their assertion of an ‘economic calculation problem’ – in order to attack socialism. But in truth, Marxists answered these reactionary arguments long ago.
‘Scams and garbage’: Crypto crash is just the prelude
After rising to dizzying heights as part of an orgy of speculation, the price of cryptocurrencies has come crashing down in recent weeks, with investors seeking a safe haven. This is a harbinger of a deeper, wider crisis to come for capitalism.
Will there be a boom? Capitalism, cycles, and crises
James Kilby discusses why the capitalist economy is in crisis, and how the only way forward is a socialist revolution.
Marx, Keynes, Hayek and the crisis of capitalism
There is a renewed interest today in the economic ideas of John Maynard Keynes, as governments across the world prop up the capitalist system with state spending. But only Marxism can explain the real cause of the crisis – and offer a way out.
Keynes and Keynesianism: Capitalism’s ‘croaking Cassandra’
The 2008 crash and coronavirus crisis have revived interest in the theories of J.M. Keynes, the liberal English economist. But a look at Keynes’ life and ideas show that he was no friend of the working class. We need socialism, not Keynesianism.
UBI and automation: utopia or nightmare?
In this podcast, Adam Booth discusses the demand for a universal basic income.
Workers’ control, democracy, and power
Daniel Morley discusses the idea of workers’ democracy and workers’ control of the economy.