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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Bond markets turn on Britain – prepare for battle
Not impressed with Reeves’ autumn budget, and concerned about the long-term health of British capitalism, leading investors are ramping up the pressure on Labour to get the economy back on track. It is high time we expropriated these parasites.
Collapse and crisis in the construction sector as ISG goes under
Construction giant ISG has imploded, sending shockwaves across the entire sector. As ever, workers in the industry are set to foot the bill, without thousands of jobs at threat. We say: nationalise the monopolies under workers’ control!
The global crisis of 1973-75: A turning point for capitalism
50 years ago, after the long postwar boom, the world economy experienced its first truly global crisis. Falling output and spiralling inflation combined to devastate the working class. Today, capitalism faces similar turmoil. It must be overthrown.