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
Introductory
In Depth
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Capitalism in crisis – Banking system on the brink
As the ruling class raises interest rates, in an effort to tame inflation, pressures are building in the financial system. The collapse of Silicon Valley Bank has set off a chain reaction. This instability is a harbinger of a new world slump.
SVB collapse and the fragility of capitalism
The implosion of Silicon Valley Bank has revealed cracks throughout the global financial system. As interest rates rise, these fissures are spreading. The ruling class is caught between a rock and a hard place, as the crisis of capitalism deepens.
Domestic labour, automation, and the fight for socialism
As it stands, the majority of household chores and care duties fall on women’s shoulders. To end this burden, we need to transform society in order to automate and socialise these tasks. The fight for liberation is a fight for revolution.