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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Trump blinks again as the world economy stutters
Donald Trump has pulled back – for now – from ratcheting up protectionist measures against China. But regardless of the US President’s actions, tensions are increasing and the global economy is heading for a new world slump.
Universal Basic Income – is it the radical change we need?
Labour-led Sheffield City Council recently announced that they would support a trial of Universal Basic Income. This is being championed as a victory for the left. But just how radical is the demand for a UBI?
A new slump looms – this time make the bosses pay
Official figures show that the UK economy has contracted for the first time in over six years – a harbinger of the oncoming crisis. Already, British industry is being decimated. It is time for the labour movement to go on the offensive.