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.
Britain’s youth unemployment crisis has been back in the headlines this week, following the release of a report which found that one in six young people will soon be out of employment, education, and training. Capitalism is scrapping our futures.
Starmer’s failing premiership and the threat of a leadership contest have sent the bond markets into a frenzy. Recent events, as well as comments from investors, have revealed who really pulls the strings under our ‘democracy’: the bankers and bosses.
The rampant speculation and insider trading on platforms like Polymarket has exposed the unrestrained parasitism of the Epstein class. But prediction markets are nothing new: swindling and corruption have always been baked into capitalism.