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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Airline industry collapse shows need for socialist planning
The coronavirus crisis has had immense impacts on the airline industry, which is now on its knees. Billionaires like Richard Branson are calling for government handouts to keep their companies afloat. We say: nationalise without compensation!
The capitalist system in meltdown
The coronavirus has become the catalyst for a crash on the stock markets, with drastic slumps everywhere on ‘Black Monday’. The epidemic is a historical accident that has exposed the deep sickness in the capitalist system.
The mood in Davos: doom and gloom as crisis looms
The world’s elite are meeting in Davos this week. The mood amongst the super-rich is extremely gloomy, with the world economy facing dangers on all fronts. This will fuel political instability, class struggle, and revolution.