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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Unemployment hits 5 percent – British capitalism is sick
Today, it was announced that unemployment has jumped to five percent, the highest level since the pandemic. This is the result of several converging factors, which the capitalists are powerless to fix. Meanwhile, workers and youth face increased exploitation and burnout.
Capitalism’s neverending crisis – Marx was right!
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.
Will there be a slump?
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.