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Category Archives: Economics
Kautsky – The crisis of capitalism and the shortening of working time
By Karl Kautsky, translated by Noa Rodman In former times we had a saying in Germany: “When the peasant has money, everyone has.” That was perfectly true wherever the great majority of the people were peasants or farmers. It is no … Continue reading
Commentary and Discussion to the Syriza Victory in the Greek Referendum
The imminent victory of Syriza over the concerted efforts of European politicians and Greek media moguls — the former cutting off the country’s financial sources as punishment for it voting incorrectly, in the language of Wolfgang Schäuble, the latter spreading … Continue reading
Posted in Economics, Geopolitics, Politics
Tagged democracy, Eurozone, Greek debt crisis
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Is Class Real? Some Empirical Contributions from Econophysics
The idea that society is divided into two major groups under capitalism: Working class (or proletarian) and Capitalist class (or bourgeoisie) has been out of favour for quite a while. There are many more common interpretations of what the import … Continue reading
Posted in Economics
3 Comments
“Tax is the Lifeblood of Democracy”: An Interview with John Christensen of the Tax Justice Network
Recently, I sat down to talk with John Christensen of the Tax Justice Network, to talk about his organisation and what it does. Topics as wide ranging as state subsidies of corporations and the role of the OECD as “a … Continue reading
Posted in Economics, Politics
Tagged democracy, development, economic justice, human rights, inequality, justice, tax havens, tax justice
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Review: Thomas Piketty’s Capital in the 21st Century
Thomas Piketty’s new book, Capital in the 21st Century, or “Capital” for short, has made a massive impression in the media. He has been elevated to something of an economic super-star status. People who never were interested in economics have … Continue reading
Posted in Economics
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What is at stake with the Labour Theory of Value
Marx has been getting a lot of media attention recently, with articles exploring his relevance in the New York Times, The New Yorker, Time Magazine, Forbes and many others. A quick search on Google trends for “was Marx right” shows … Continue reading
Posted in Economics
2 Comments
Working Class Hero
There is a fairly widespread argument concerning the working class that goes something like this: The Working class is now only a small fragment of the population. The old class politics is therefore permanently dead and can not be resuscitated. … Continue reading
Posted in Economics, Proletarian politics
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The Transition
The period of transition between our current capitalist economic and social system and a socialist economy is a very controversial subject among socialists. Maintaining an active dialogue and critique of this period is absolutely critical to our strategic and tactical … Continue reading
Posted in Economics, Politics
4 Comments
An End to Musical Chairs: A Rumination on the Basic Income
Since everyone is welcome aboard the train of life, don’t we all deserve a ticket? I was walking toward the central transit hub of my town recently, when, shortly prior to passing over the railroad tracks that the train I … Continue reading
Posted in Cultural analysis, Economics, Parable, Philosophy
Tagged basic guaranteed income, basic income, basic income guarantee
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The European Monetary Union and the Left
Recently a 45 page report written by Heiner Flassbeck and Costas Lapavitsas was issued by Rosa Luxemburg Stiftung, “The systemic crisis of the euro – true causes and effective therapies”. They later popularised their report in a Guardian article. The … Continue reading
Posted in Economics, Proletarian politics
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Tendency of the rate of profit to exasperate
A few years back Deloitte issued a report that had a long term analysis of the rate of return on various measure, investment capital, equity and assets. In all three cases there was a fairly clear downward trend. Deloitte come … Continue reading
Posted in Economics
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Interview With Rob Dietz of CASSE, co-author of “Enough is Enough”
Rob Dietz recently published the book Enough is Enough with co-author Dan O’Neill. The gist of the book is that the growth-oriented consumer culture in places like the United States and Europe, where, even in the recent crisis, people are … Continue reading
Posted in Economics, Politics
Tagged Dan O'Neill, Enough is Enough, Rob Dietz, steady state economy
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An Uncritical Critique of The Critical Net Critic
Recently a friend in a reading group suggested that we read The Critical Net Critic. While the piece is somewhat long and meandering it is also very good at helping to answer some of those fundamental questions about what is … Continue reading
Posted in Economics
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