Greek Economic Crisis (Cartoon)

Posted on February 26 2010 by admin

Greek Economic Crisis
by Carlos Latuff

Carlos Latuff is a Brazilian cartoonist.

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Marx’s Ecology and The Ecological Revolution

Posted on February 26 2010 by admin

John Bellamy Foster Interviewed by Aleix Bombila
Interview by Aleix Bombila, for En Lucha (Spain), of John Bellamy Foster, editor of Monthly Review, and author of Marx’s Ecology and The Ecological Revolution
En Lucha: In your book Marx’s Ecology you argue that Marxism has a lot to offer to the [...]

The Global Organic Crisis

Posted on February 22 2010 by admin

Paradoxes, Dangers, and Opportunities

“The central contradiction of global capitalism is not
that between capital and democracy as such.
The concentration of capital allows for socialization of the means of production,
and thus a solution to this problem.
The main contradiction we face is deeper and The wide-ranging and
challenging [...]

Controversial economic recovery in the United States

Posted on February 20 2010 by admin

“Those who believe that the 2008-2009 crisis has been left behind could have a painful awakening. This crisis is not the same as previous ones and the capitalism of our days is dragging too heavy a combination of exploitation, inequality, speculation and aggression to the environment that is making such a [...]

Capitalism, Class, and Crisis

Posted on February 14 2010 by admin

The U.S. Economy and China: Capitalism, Class, and Crisis
Martin Hart-Landsberg
#Both transnational capital and elites in China have greatly benefited from the operation of this system,Chinese workers have paid a high cost; in fact, Chinese workers experience many of the same negative consequences from its operation as do workers in the [...]

Updating the Economics of Global Turbulence

Posted on February 14 2010 by admin

In the Eye of the Storm: Updating the Economics of Global Turbulence, an Introduction to Robert Brenner’s Update
R. Taggart Murphy
Introduction
Out in the academic cemetery to which avatars of market fundamentalism thought they had consigned their intellectual and political opponents, one can hear today the unmistakable scrape of coffin lids opening. And climbing [...]

‘New Capitalism’ : The Real Subsumption of Labour to Finance

Posted on February 14 2010 by admin

Traumatized workers + indebted consumers
– > real subsumption of labor by finance
– > ‘full underemployment’ of a precariously flexible workforce

1. Monopoly capital and stagnation: the condition for the new forms of financial growth: Magdoff-Sweezy and Minsky

In the late 1970s a slim book was published containing [...]

The Age of Monopoly-Finance Capital

Posted on February 4 2010 by admin

“Capitalist civilization may be generating a terminal crisis for the entire anthropocene era in earth history, which would inevitably spell, not only the demise of capitalism, but—if we do not change course—civilization as a whole. In the new speculative era, all that is solid is melting in air. In these difficult [...]

After the Great Financial Crisis and the Great Recession, What Next

Posted on February 4 2010 by admin

* Marx talked about the “common ruin of the contending classes,” i.e. barbarism, as a possible outcome.  Not only is this a possible result of the current capitalist civilization, I think that the environmental problem suggests that it may very well be the most likely result.  All existing trends point in that [...]

A Failed Economy

Posted on February 4 2010 by admin

The aim revolutionary worldwide struggle is “to create for all people such a condition that everyone can freely develop his human nature and live in a human relationship with his neighbors, and has no need to fear any violent shattering of his condition. Today, the choice between a violent shattering of the [...]