This year marks the 150th anniversary of Volume I of Marx’s Capital, a book with the most profound impact on human society of any political work in history.
Posts in: economy
Trump’s budget is an atrocity from town to country.
What the hell is going on over at the International Monetary Fund (IMF)? Have socialists or some malcontents infiltrated the place with the aim of bringing it down from the inside? Nah. It is just three research wonks who wrote a document saying that the benefits of “neoliberalism” may have been “oversold.” The IMF acts… Read more »
Three years after Hugo Chávez’s death, Venezuela is in a state of social and economic breakdown. Plummeting world oil prices have gutted the coffers of successor President Nicolás Maduro’s government, which gets 95 percent of its revenue from oil. As the treasury dried up, the government subsidies people depended on have vanished – and with… Read more »
Yes. LA has a housing and homelessness problem. No news there. And it’s probably not news that many solutions are continually rejected by politicians and developers — capitalists all! The problems are myriad. Thrust onto the cement by sky-rocketing rents, foreclosures and evictions, homeless people routinely face the indignities of life without walls, where nothing… Read more »
Before, during, and after this election season, there are several economic myths that the capitalist system and its two party political representatives perpetuate, manipulate, downplay and upsell to justify their existence. We are going to examine, nay, debunk, six of these myths. 1. Immigrants take away “American” jobs. Whenever the ruling class needs to stoke… Read more »
The election to the presidency of a man who stoked the fires of racial resentment and misogyny sparked protests by thousands in cities across the U.S. Now working people need to plan the next steps in stopping a potential right-wing dystopia. High on the list should be a drive to restore affirmative action, one of… Read more »
So, did you hear the one about the eight richest men in the world? Unfortunately, it was no joke. Obscene and surreal as it is, they own more than half of the global population does. That’s over 3.6 billion people. This from a report that Oxfam, the international anti-poverty organization, publishes before the World Economic… Read more »
European bankers should cancel the debt.
Congressional “solution” to the debt crisis threatens island livelihoods