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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Blackouts, bottlenecks, and backlogs: Capitalism is chaos
Across the UK economy, prices are rising and businesses are facing shortages. It is clear that the anarchy of the capitalist market cannot provide society with life’s necessities. The case for socialist planning has never been so clear.
Keynes and Keynesianism: Capitalism’s ‘croaking Cassandra’
The 2008 crash and coronavirus crisis have revived interest in the theories of J.M. Keynes, the liberal English economist. But a look at Keynes’ life and ideas show that he was no friend of the working class. We need socialism, not Keynesianism.
UBI and automation: utopia or nightmare?
In this podcast, Adam Booth discusses the demand for a universal basic income.