capital

Is an over-supply of labour depressing wages?

Are trade union bureaucrats correct in saying Marx believed an over-supply of labour depresses wages? We take a look at what Marx called "the absolute general law of capitalist accumulation" to discover if this is true.

US Power and the New Course Towards War

We live, and have been living, in an epoch of capitalist decadence. Notwithstanding longer life expectancy, technological advance, and the claims of its defenders, the capitalist system is incapable of addressing existential questions such as the destruction of the environment via man-made climate change. After all, to do so would get in the way of making profits. Short-term expediency portends long term disaster.

Response: A digital capitalism Marx might enjoy

This is a response to an article originally posted on the MIT Technology review . The article claims that the nature of capital has changed so much from the newly industrialized economies Marx knew that there is a fundamental change in capitalism Marx could agree with. They take this position in favor of labor, but we will see just how good their analysis and proposal for the position of the laborer in future society is.

Protectionism and “globalisation” have the same mother: the crisis of capital

Has “globalisation”, the freedom for capital and goods to move from one end of the planet to the other, with no barriers to limit trade and its miraculous effects, come to an end? Looking at what has happened recently, it seems that an ideology, and, even more so, one of capital’s ways of being has reached the end. It seems like the bourgeoisie, or at least a part of it, has taken a suit from its wardrobe which it has not worn for a long time, one which was needed for a tougher climate and the storms that come with it.

What’s going on in Argentina?

The following article is, like several we have already translated, from the left communist blog, Nuevo Curso. The background is that after 5 years of austerity the government of President Maurizio Macri has fallen foul of the global economic crisis and its latest fallout. A year ago he was hailed as the saviour of Argentina when, despite Argentina’s multiple defaults in the last century he launched a 100 year bond offering an interest rate of over 7%.

Telegraphic communist theory - humanaesfera

A telegraphic (i.e. brief, concise and direct) presentation of communist theory. Basic concepts: private property, capital, proletariat, class struggle and communism.

The Politics of Evasion: A Post-Globalization Dialogue at the Edge of the State

The book Politics of Evasion struggles with contemporary questions about Socialism and Anarchism in the context of changing logics of state and capital and the false hopes of a return to social democracy.