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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Marx, Keynes, Hayek and the crisis of capitalism
There is a renewed interest today in the economic ideas of John Maynard Keynes, as governments across the world prop up the capitalist system with state spending. But only Marxism can explain the real cause of the crisis – and offer a way out.
World economy in chaos: What lies behind the crisis?
Chaos reigns across the global economy, with bottlenecks and inflation, on one side, and a growing mountain of debts on the other. The ‘new normal’ is one of austerity and instability. Only socialist revolution can end the anarchy of capitalism.
Rishi Sunak’s fantasy Budget
Yesterday’s Budget announcement was full of fanfare. But there will be no real recovery for the working class, who are being squeezed on all sides. British capitalism is heading for the rocks. The labour movement must prepare for battle.