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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Trade wars, rearmament, and austerity – Fight for world revolution!
Protectionist trade wars. Jingoism and rearmament. Austerity and attacks on the working class… Did someone set the clock back to the 1930s? To combat the coming catastrophe, we need a global revolution against the billionaire class.
Trump’s tariff programme deepens protectionist tendencies in world economy
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 Wall Street Crash and the Great Depression: Lessons for today
With the world economy stagnant, and Trump gearing up for protectionist trade wars, there are many parallels to the Great Depression of the 1930s. Here, we republish a 2020 article by James Kilby analysing this decade of crisis and class struggle.