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.
Mexico: Is It Business As Usual?
Submitted by BenS6 on Jul 21 2018 08:43
The recent massive victory of Andres Manuel Lopez Obrador who headed up a left populist movement in Mexico was greeted with jubilation by the Left in this country and worldwide.
Critique of Bourgeois Science - Microeconomics: From the Explanation of Value to the Invention of Marginal Utility up to the Mathematical Praise of the Market - GegenStandpunkt
This critique by the German Marxist group GegenStandpunkt traces back the logical errors that marginalism allows itself in its reasoning, and shows how its tautologies become increasingly crass in the development from the theories of Menger, Jevons and Walras up to later concepts such as indifference curves.
Money Must Go!
A 1943 book making the case that "money must go!" The authors, who were sympathisers of the Socialist Party of Great Britain, extol the virtues of a "moneyless, wageless, and tradeless world," which they call a World Commonwealth.
On Taxation - Karl Marx
Excerpts from the writings of Marx on the subject of taxation.
When the barbarians invade the periphery: the commercialization and destruction of the Catalonian Pyrenees – Miguel Amorós
A 2018 diatribe against tourism, as an industry that is wrecking the natural environment and the social fabric of rural areas, and particularly as it has capitalized on the recent craze for “adventure sports”, which manifest the “primordial capitalist mentality”, “the taste for competition, for overcoming obstacles, for demonstrating endurance, for the cult of hard work, for risk-taking, for exhibitionism”, echoing Günther Anders’ reflections on this new kind of leisure that is exploited for profit and becomes just another variety of “work” for people who are plagued by neuroses generated in the claustrophobic cities and are incapable of the tranquil repose that our ancestors valued.
Responses to Marx's Capital: from Rudolf Hilferding to Isaak Illich Rubin
Collection of primary sources dealing with the reception of the economic works of Karl Marx from the 1st to the 3rd International. The documents, translated for the first time from German and Russian, range from the original reviews of Capitals 1 to 3 and Theories of Surplus Value, to debates between Marxist economists and the bourgeois academic representatives of the theory of marginal utility and the German historical school.
The “Economic Calculation” controversy: unravelling of a myth
Originally published in Common Voice Issue 3 (2005).
The “economic calculation argument” (ECA) is principally linked with the Austrian economist, Ludwig von Mises, who wrote a seminal tract (“Economic Calculation in the Socialist Commonwealth”) in 1920, purporting to show that socialism was not a realisable system.
The Coining of "Privatisation" and Germany's National Socialist Party- Germa Bel
A history of the term privatisation and its relationship to Nazi economic policy.
Conversation with a hairdresser’s assistant - Wilhelm Reich (1935)
In the 1930s Wilhelm Reich developed the theory that it was possible to explain the basic concepts of Marxian economics without employing complicated terms and arguments. As an example of his attempt at this, an article he wrote in 1935 under the pseudonym of 'Ernst Parell' for the 'Zeitschrift für politische Psychologie und Sexualökonomie' (vol.2, No.1), published in exile in Denmark.
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