crisis

Amazon: A new business model better able to manage the contradictions of the capitalist mode of production

Amazon cardboard robot

An attempt to understand the functioning of one the world's most powerful companies using marxist categories - explaining how Amazon manages to combine the functions of productive, comercial and finance capital. The intention is, of course, to try to work out the implications for class strugle...

Brexit or Not: Workers Have Their Own Battles to Fight

The Brexit pantomime threatens to fracture the traditional political set-up of the British ruling class. Meanwhile the whole issue is diverting attention from the dire situation experienced by the working class. Theresa May has announced that austerity is over but the massive spending cuts that have been implemented over the last decade are not going to be reversed.

Honda, General Motors: Global Crisis and the Car Industry

Two articles on the recent developments in the US and UK automotive industry.

A Decade Since the Financial Crash

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!

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!

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

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

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

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?