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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Real wages, productivity, and prosperity: Have workers ‘never had it so good’?
Workers in Britain have experienced a painful cost-of-living crisis in recent years, on top of decades of real-wage stagnation. According to capitalism’s apologists, however, it has been a golden age for workers. What planet are they living on?!
Tories’ Spring Budget: Fiddling while Brum burns
Chancellor Jeremy Hunt went through the motions yesterday with his latest Budget announcement. But it is clear that the Tories have no solution for reversing the ailing fortunes of British capitalism, other than to prescribe more bitter medicine.
‘Stagnation nation’: UK economy dead in the water
British capitalism is utterly broken, reflected in sluggish growth, low productivity, stagnant wages, crumbling schools, and dilapidated infrastructure. Only socialist planning can push the economy out of its slump, and deliver for workers.