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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Inflation and instability: British capitalism’s perfect storm
The UK economy is being buffeted by the chaos of war, inflation, and capitalist crisis. Workers are already paying the price, as living costs go through the roof. The scene is set for a wave of struggle. The unions must prepare for battle.
‘Scams and garbage’: Crypto crash is just the prelude
After rising to dizzying heights as part of an orgy of speculation, the price of cryptocurrencies has come crashing down in recent weeks, with investors seeking a safe haven. This is a harbinger of a deeper, wider crisis to come for capitalism.
Stagflation and struggle: Capitalism’s new era
The world economy is wracked with turbulence, buffeted by a perfect storm of war, pandemic, and protectionism. A toxic combination of inflation and recession looms for capitalism. This is a finished recipe for revolutionary explosions everywhere.