debt

Did Communism Make Us Human? On the anthropology of David Graeber – by Chris Knight

David Graeber

A critique of David Graeber’s understanding of communism.

Forever in Debt

Article on the stranglehold that debt has on working class communities, with some suggestions on resistance.

From Black Flag #220 (2001).

Paltry Returns on Capital and an Enormous Debt Pile Are Bringing the World Economy to its Knees

The following piece is a slightly condensed translation of the Italian original, published in the January edition of Battaglia Comunista, journal of the ICT’s founding section in Italy.

MMT: A Bankrupt Theory for a Bankrupt Capitalism

Review: The Deficit Myth: Modern Monetary Theory and How to Build a Better Economy by Stephanie Kelton (published by John Murray, 2020).

To Pay is to Die: The Threat of Student Debt and Homelessness

A statement from the Bandilang Itim Collective on the continuation of school semesters and rent and debt obligations under the current state of pandemic.

Today is Grey but the Future Looks Black

New year, old music, from a well-known score sheet played out by... the Left. A "Left" that’s not ashamed to dress itself up in populist clothes, worn in the service of state capital on the understanding that this is the way to open up markets as a "progressive realisation of the patriotic ideal and the concept of nationhood". In the name, of course, of the people and the "concept of community" as understood by those who are ready to recite the hidden virtues of a renewed "capital-socialism".

The Shadow of September 2008 Continues to Lengthen

It is now 11 years since the bankruptcy of Lehman Brothers. The crisis in the real economy, instead of fading from memory, has become a fixture.

The illusion of the precapitalist gift - humanaesfera

What was the precapitalist gift? In what concrete material circumstances did it make sense? Here, we briefly want to show that the precapitalist conditions which made the gift to make sense are not only without return, but are also absolutely undesirable today. In communist society the enjoyment of the productive forces can neither be a gift nor an exchange of commodities.

Capitalism’s Crisis of Stagnation and Austerity

secular_stagnation

As 2018 opens economic optimism is breaking out amongst the capitalist class. Leaving aside the vainglorious boasts of the current President of the United States that unemployment in the US has reached lows only last seen in the post-war boom, or that the New York stock market is now at all time record highs, more serious economic commentators are arguing that after a decade of misery (at least for 99% of the planet) the signs of recovery from the 2007-8 banking collapse are now behind us. If this sounds familiar it is because we have heard the same tale so many times.