One of capitalism’s oldest myths is that of the efficiency of the so-called ‘free-market’ and its superiority to a socialist planned economy. Defending economic planning, this talk responds to the libertarian ideas of the Austrian School of economics, whose ‘theories’ amount to vitriolic support of the unrestricted rule of capital at the expense of the needs of society.
Related Posts

Education, Marxist theory and history, Marxist Voice
The State and Revolution | Classics of Marxism #3
Ben, Lotta, Mia, and Peter sit down to discuss Lenin’s masterpiece:Â The State & Revolution. Written just before the events of October 1917, it is the sharpest analysis of the state, and a rebuttal of reformist and anarchist illusions.

Economics, Economy, Imperialism and war
Monopoly capitalism, imperialism, and the world economy
In his masterpiece ‘Imperialism’, Lenin explained how the monopolies and banks rule over us, engendering conflict, chaos, and crisis. Today’s tumultuous situation is proof of this analysis. We need a revolution to expropriate the billionaires.

The global arms race intensifies: Imperialism, militarism, and capitalism
Across Europe, governments are hiking up ‘defence’ spending, whilst carrying out cuts and attacks on workers to pay for it. Rob Sewell explains the economics behind this ‘military Keynesianism’, and why it provides no way out for the capitalist system.