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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‘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.
Stagflation looms for UK economy: Capitalism is crisis
The latest forecasts from the Bank of England for the year ahead are for inflation to surge and the economy to contract: a dangerous double-whammy of ‘stagflation’. Workers must organise and fight back with militant action and socialist policies.