Capitalism and Marxism
What does Wall Street’s repo crisis mean?
In the week of Sept. 16, the U.S. financial system ran out of cash. It was a modern version of a bank run, and it’s not over yet. That week, the rate of interest on […]
Capitalism and Marxism
Capitalism and Marxism
The coming economic crisis, Part 2: Socialism is the solution!
Dear friends, Last time, we talked about the signs of an impending recession — what Marxists call a crisis of capitalist overproduction. What causes it, and what can we do to fight back? A lot […]
Capitalism and Marxism
The coming economic crisis
Dear friends, You don’t need me to tell you that times are tough. Not only is the cliché about living one paycheck away from disaster absolutely true; for many who have jobs, the crisis is […]
Capitalism and Marxism
U.S. strategy against socialism: Czechoslovakia 1968, Hong Kong 2019
Since the start of the Hong Kong demonstrations, the corporate media have been united in their narrative that the demonstrators are fighting for democracy and are for independence from an oppressive Chinese regime. Upon closer […]
Capitalism and Marxism
Capitalist pigs and capitalist decay
Donald Trump is an extremely dangerous, racist, sexist, billionaire pig. But is the former New York City mayor, Michael Bloomberg, that much different? All billionaires are not created equal. Bloomberg’s $55.2 billion fortune makes him […]
Capitalism and Marxism
Trump tariffs clash with globalized capitalist production
The Trump administration is caught between its “America First” super-imperialist, great power chauvinist politics on the one hand, and the capitalist world division of labor on the other hand. At every turn the contradiction between […]
Capitalism and Marxism
Lessons of the 1977 New York rebellion
On the evening of July 13, 2019, parts of Manhattan’s Midtown and Upper West Side were plunged into darkness for several hours by an electricity outage. The outage, whose cause is still being investigated, disrupted […]
Capitalism and Marxism
Tariffs: capitalist competition & class warfare
As the June 28 economic summit of the G20 in Osaka, Japan, approaches, President Donald Trump is stepping up threats of tariffs and technological sanctions against China that could trigger a sharp global downturn. The […]
Capitalism and Marxism
All signs point to deepening capitalist crisis
Economic indicators reported in the business pages are grim, the outcome of a long global depression. In March, this news was characterized by Larry Summers, former U.S. Treasury secretary and professor at Harvard University, as […]
Capitalism and Marxism
Lessons of the First Congress of the Communist International
Since the collapse of the Soviet Union and much of the socialist camp, social democrats and revisionists in the international workers’ movement contend that the ideas of working-class power and the dictatorship of the proletariat […]