A call to arms to the working class from Jason Brannigan in The Leveller as the crisis bites and the rich continue to rob us blind.
Over a million Spanish workers take to the streets across the country in protest against the governments labour reforms that enable bosses to unilaterally cut wages if they want, whenever they want. The government claims that by giving bosses the power to treat people like shit it will reduce Spain's unemployment rate of 23%, which is the highest in the developed world.
A text about the state debt crisis and its relationship to the underlying health of capital as measured by the actual profitability of the world's biggest companies. For the most important firms in the US and Europe the recession is effectively over but this doesn't mean anything good for the working class!
The apotheosis of money: the structural limits of capital valorization, casino capitalism and the global financial crisis - Robert Kurz
In this 1995 essay, Robert Kurz examines “fictitious capital”, “unproductive labor”, the “tertiary sector”, “State debt”, “speculative bubbles”, “derivatives”, and “globalization” in the context of the wave of bankruptcies, crashes and bailouts of the 80s and 90s; discusses Rosa Luxemburg’s crisis theory, Keynesianism, Aglietta’s “regulation theory”, and the “neo-liberal” offensive; and predicts a “devaluation shock” that will invalidate the bloated property claims of fictitious capital in a “monetary atomic explosion” heralding “the end of the history of the mode of production based on money”.
German communist group Wildcat's 19 theses on the current financial crisis from summer 2011.
The Marxist economist and author Paul Mattick Jnr talks to Stuart Watkins about his views on Marx, the economic crisis, and the prospects for socialism