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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Space entrepreneurs piggybacking on the public
Billionaire Elon Musk hit the headlines earlier this month with the launch of his company’s Falcon Heavy rocket. But this “proof of private sector efficiency” is in fact another demonstration of how parasitic the profit system is.
World stock market turmoil – prepare for a rough ride
Rob Sewell analyses the turbulence on the stock market over the past week, which has destroyed any illusions in the global economic ‘recovery’. This latest collapse is a harbinger of a new world slump.
Capitalism: “rigged for the few against the many”
In this editorial from the latest issue of Socialist Appeal, Rob Sewell explains the significance of Carillion’s collapse. The market and privatisation have failed. In the words of John McDonnell, the shadow chancellor, “the system isn’t working”.