A Decade Since the Financial Crash
Submitted by Internationalis... on Jan 25 2019 11:40
The world economy is in poor shape and the American economy is in even worse condition. The 2008 crisis has not been resolved and many analysts fear a new financial explosion. Capital continues to stay clear of investment in production and is trying to recover without running up more debts. Company returns are low, profit rates are decreasing. Capital is moving more and more into speculation. It is the same old situation, except that the rescue costs of the previous crisis cannot be repeated in the next crisis. The sound of war can be heard in the distance, accompanied by the rising threat of a new, catastrophic barbarism.
Bosses' Political Faction Fights – Not Our Problem!
Submitted by Internationalis... on Dec 17 2018 11:46
Pantomimes usually start in December and end early in the New Year. The Brexit version at the Westminster Palais looks set for an extended run.
Ireland and Brexit – Workers Need a Hard Border Against Bosses' Politics!
Submitted by Internationalis... on Oct 16 2018 13:56
On 12th October, the Financial Times (FT), described the Brexit situation as an "Unpredictable Muddle". We would not disagree.
Two cheers for the decline of the middle class
A short piece that challenges an article of faith among most commentators.
US Power and the New Course Towards War
Submitted by Internationalis... on Sep 25 2018 11:57
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.
Out of this Capitalist Impasse - A New World Has to Take Shape
Submitted by Internationalis... on Aug 27 2018 11:59
The post-war boom melted away decades ago. It produced a mass consumer society unheard of in history. This society was based on the colossal destruction and devaluation of capital in the Second World War.
Syriza 2018: a Blast from the Past
Submitted by Internationalis... on Aug 23 2018 19:18
A brief reminder. In January 2015 Paul Mason proclaimed on his Twitter account: "come to Athens – the revolution is happening". It is 2018 now, and three years later it is Donald Tusk, the President of the European Council, who is ecstatic: "You did it! Congratulations to Greece and its people on ending the programme of financial assistance." What happened?
Technological society—mass society – Miguel Amorós
A 2005 summary of the author’s views concerning the defeat of the working class in the 1970s and 1980s, the role played by technology in this defeat, the rise of the “masses” (who cannot “distinguish between reality and fiction”) that emerged from the dissolution of class consciousness as subjects of consumer society under the new totalitarian or “fascist” conditions, the repercussions of these developments on ideology (not exactly “fascist”, but a “hodgepodge … of previous ideologies”) and politics (“managing the survival of the masses under catastrophic conditions”) during the last thirty years, and prospects for revolutionary critique and resistance.
Brexit – Ruling Class Strategic Chaos Unleashes Parliamentary Pantomime
Submitted by Internationalis... on Jul 13 2018 20:03
The latest ministerial resignations of David Davies, Minister for Brexit, and Foreign Secretary Boris Johnson only underline the complete confusion at the heart of the government and the British ruling class in general. We have catalogued both this comedy of errors and what is causing it in previous articles on the Brexit decision.
Protectionism and “globalisation” have the same mother: the crisis of capital
Submitted by Internationalis... on Jun 19 2018 18:01
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.
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