Marxist economics
Accumulation of wealth at one pole is, therefore, at the same time accumulation of misery, agony of toil, slavery, ignorance, brutality, mental degradation, at the opposite pole
- Karl Marx
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AI and the state: how big tech bought the data centre boom
The British state is readily greasing the wheels of big tech. Lenin once remarked that the state is “bound by a thousand threads to the bourgeoisie”. Nowhere is this clearer than the inseparable ties and revolving door between the British state and US tech giants.
Desperate times and desperate measures for the US Treasury
The United States Treasury Department announced this week that it will double the buying of its own bonds. But these desperate measures will solve nothing; they will only pave the way for more crisis – and attacks upon the working class.
Uncertainty and instability fuel capitalism’s ever-deepening crisis
Fuelled by geopolitical shocks and the breakdown of globalisation, the world capitalist system is wracked with instability and uncertainty, which is itself contributing towards the economic crisis. What does this mean for the class struggle?