economics

Neoliberalism against capitalism? - Neil Davidson

Neil Davidson on how the current neo-liberal project has been almost too successful as a ruling class strategy, creating a form of capitalism which endangers the long-term security of capital itself and edges society ever closer to barbarism.

Post-election reflections: how the Tories wrecked the economy and why Labour couldn’t take advantage

cats

Now the election is over, it seems time to take stock of the last 5 years. A lot has been written about the horrific social reforms of the Tory-Lib Dem coalition government, on tuition fees, workfare, sanctions, privatisations and cuts - but the mainstream analysis, and public opinion, seems to be that for all that the Tories were at least competent from a macroeconomic perspective. This couldn't be further from the truth.

Outline study course in Marxian economics - International Council Correspondence

An "Outline study course in Marxian economics ... offered as a help to instructors of study classes on the first volume of Marx's Capital", first published as a pamphlet by International Council Correspondence in 1935.

The political economy of hunger

Why is there hunger? It’s nothing to do with a lack of food.

2008 interview with the online magazine, Telepolis - Robert Kurz

Cassandra warns the Trojans

A 2008 interview with Robert Kurz on the financial crisis.

Marx's theory, the crisis and the abolition of capitalism - Robert Kurz

In this 2010 interview, Robert Kurz discusses Marx’s theory of crisis, the theories of “collapse” advocated by a minority of Marxists (Luxemburg, Grossman, Mattick) in the early 1900s, the implications of the “third industrial revolution of microelectronics” for capitalist accumulation, Moishe Postone’s analysis of the crisis of abstract labor, “anti-industrialism” and the anti-growth movement (Décroissants), and the meaning of “labor” as a historical and economic concept that must be transcended and replaced by “conscious social planning” and a “broad diversification of industrial production and services, implemented in accordance with purely qualitative criteria”.

World economic crisis, social movements and socialism - 12 theses - Robert Kurz

In this 2009 text presented at a Marxist conference in Saxony, Robert Kurz discusses the significance of the world economic crisis of 2008, the erroneous assessments of the meaning of this crisis by the bourgeois mainstream and the left, the positivist “ontologization of labor” by traditional Marxism, Marx’s crisis theory and its basis in “categorical analysis” on an “abstract conceptual plane”, and the failure of most leftists to cultivate a perspective that goes beyond the basic categories of capitalism, instead of volunteering to perform crisis management services on capitalism’s behalf.

A critique of Anselm Jappe's essay, "Who Is To Blame?" - Roland Simon (Excerpt)

In this 2009 article, Roland Simon of Théorie Communiste subjects Anselm Jappe and, more generally, the current known as “Value Critique”, to severe criticism, claiming that their emphasis on the “commodity” and “value” causes them to misunderstand the Marxist critique of capitalism and to harbor erroneous views about “a kind of value that is no longer value” because of an alleged decline of the proportion of labor in each commodity caused by increasing productivity, and that their “‘focus’ on value and the commodity causes us to ‘forget’ that value is capital” and that the goal of capitalism is not even just surplus-value but rather the reproduction of capitalist class relations.

State capitalism in Russia - Murray Bookchin

Murray Bookchin

Murray Bookchin's critique of the USSR's economy as state capitalist. Published in Contemporary Issues 7, Autumn 1950 (under pseudonym M. S. Shiloh).

State capitalism: the wages system under new management - Adam Buick & John Crump

Adam Buick and John Crump's book critiquing the post-revolutionary Russian and Chinese economies as state capitalist.