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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Britain’s high street crisis: No return to normal as lockdown lifts
Today marks the first day of trading for many shops after months of closure. But many will not reopen. Capitalism’s race to the bottom had destroyed Britain’s high streets. Now the crisis is accelerating.
After the lockdown: what will capitalism look like?
The coronavirus pandemic has exposed the underlying contradictions of capitalism, triggering a deep crisis on the scale of the 1930s. There will be no rebound after the lockdown ends, but a prolonged economic depression.
Marxism, Keynesianism, and the crisis of capitalism
Governments everywhere are pumping money into the world economy to keep it on life support. Subscribers to Keynesian economic ideas – of government stimulus and demand-side management – feel vindicated. But only Marxism offers a solution.