Review From Michael Roberts' Blog on Facebook In the Tracks of Marx's Capital - a new book by Sungur Suman and Ahmet Tonak, is out now. This book provides an accessible introduction to Marx’s seminal work Capital and explores the core ideas of Marxian political economy relevant for modern day economies. The first part gives an overview of Capital based on the authors’ original thinking in … [Read more...]
Ten Years of Belt & Road
Ten Years of Belt & Road (youtube.com) A WIN Discussion, January 2024. China’s Belt and Road Initiative (BRI) has probably channelled the biggest export of capital in the post WWII period. Although it started with great promise, a 10 year review now finds that developing countries are in as much debt to China as they have been to the IMF. BRI has been characterized by loans rather than … [Read more...]
WHY ARE THE BANKS CRASHING?
A Workers’ International Network Discussion April 2023 WHY ARE THE BANKS CRASHING? - YouTube In every decade for the last half a century, the banking industry in all the major economies has been beset by a series of failures, government bailouts and takeovers, culminating in the great financial crisis of 2008. Now banks in the US and Europe are once again going bust and being bailed … [Read more...]
Workers Arise! The Fightback has Begun!
by Roger Silverman We’re witnessing the return of nightmares that we’d always been told had been relegated to ancient history. There had been no pandemics since the flu of 1918; no major slump since the great depression in the 1930s; no threat of world war since 1945; no fear of nuclear annihilation since the 1962 Cuban crisis; no trace of inflation since the 1970s. Just look now: plague; … [Read more...]
MARXISM IN THE NEW MILLENNIUM
3RD APRIL 2022 MARXISM IN THE NEW MILLENNIUM - 3rd APRIL 2022 - YouTube We are living through an era of unprecedented crisis and a worldwide explosion of anger and protest. Why is it, then, that, rather than recruiting the millions to mass revolutionary parties, Marxist groups everywhere remain relatively isolated? What is left of the militant traditions of the Internationals of the … [Read more...]
The Laws of Capitalist Crisis – Discussion
The Laws of Capitalist Crisis - Ed Bober leads off - YouTube WIN Sunday Discussion meeting 9th January 2022 … [Read more...]
Will the World Economy Bounce Back?
Speaker - Michael Roberts author of The Long Depression: Marxism and the Global Crisis of Capitalism.The major capitalist economies seem now to be recovering fast from the catastrophic slump into which they were plunged by the COVID pandemic. Will this revival continue? Or is it just a short-term bounce back, as businesses re-open and vaccinations roll out? Meanwhile the countries of Latin … [Read more...]
Crisis Within Growth: National Limits and Shocks to Global Revival
CRISIS WITHIN GROWTH: NATIONAL LIMITS AND SHOCKS TO GLOBAL REVIVAL by David Hemson Introduction In 1930 the economist Keynes made a prophetic call: his grandchildren would work 15 hours a week. He saw capitalism as heading harmoniously towards superabundance, in which toil ceased in a leisure society. In the aftermath of depressions, great recessions, stagnation and austerity, it is clear that … [Read more...]