In this talk at the SOAS Marxist Society, Adam Booth – editor of www.socialist.net – looks at the growing gap between the rich and poor in society today, contrasting the analysis of Thomas Piketty – the French “rock star” economist – and Karl Marx as to why capitalism creates inequality and a concentration of wealth.
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.
In the second episode of our series on the Classics: Daniel, Nye, Georgina & Peter discuss the ideas of Engels’Â Socialism: Utopian & Scientific.
Trump is set to announce a barrage of new tariffs, in an attempt to stem the decline of US capitalism. Here, Niklas Albin Svensson outlines the Marxist position on the ‘free trade vs protectionism’ debate, and how tariffs will impact the world economy.