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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Eye-watering inequality: a symptom of a sick system
Erin Maniatopoulou of the Norwich Marxists comments on the latest inequality figures from Oxfam, which left the Davos elite at the World Economic Forum without any defence for the rotten system they represent.
Carillion collapse: the true, ugly face of the profit system
The collapse of Carillion has come as a shock to the company’s workers and the public who rely on its services. But it seems that Westminster politicians and City bankers were fully aware of the dodgy dealings going on at the construction and outsourcing giant. The failed firm is a damning indictment of the parasitic capitalist system.
The Bitcoin bubble and cryptocurrency craze
Adam Booth looks at the speculative mania developing around Bitcoin and other digital currencies, which is a reflection of the general crisis of capitalism.