Author: Paula Bach

Illustration of a floating Cow and Benjamin Franklin in a facemask

The Discreet Disenchantment of the Bourgeoisie

As the coronavirus pandemic rages and the economic crisis deepens around the world, capitalism finds itself confronted with a choice: “save the economy” or “save lives.” The measures governments are implementing reveal the contradictions and failures of a system based on exploitation and point to much worse outcomes ahead.

The Impending Debt Crisis and What Is to Come

As the global economic crisis is accelerated by the coronavirus pandemic, one aspect of it that was somewhat under the radar is coming to the fore: an explosion in corporate and public debt. With a contracting global economy, capitalism has no choice but to seek a way out of debt through increased exploitation and suffering. What does this future hold?

Why the IMF is Losing Hope in the Economy

Economist Paula Bach describes the contradictions that lie behind the current market volatility and why the “experts” are losing confidence in the global economy.

The Robotics Revolution

The intimate story between productivity and investment. Clues to overcome technological optimists and pessimists. There are many theories to explain the phenomenon of the century: profit versus expected return.

The Trump Era: Reflections on the Future Economy

Does Trump’s victory mark the end of neoliberalism? In this article, we will analyze Trump’s economic platform, its striking contradictions and the balance between demagoguery and reality.

Illustration of a floating Cow and Benjamin Franklin in a facemask

The Discreet Disenchantment of the Bourgeoisie

As the coronavirus pandemic rages and the economic crisis deepens around the world, capitalism finds itself confronted with a choice: “save the economy” or “save lives.” The measures governments are implementing reveal the contradictions and failures of a system based on exploitation and point to much worse outcomes ahead.

The Impending Debt Crisis and What Is to Come

As the global economic crisis is accelerated by the coronavirus pandemic, one aspect of it that was somewhat under the radar is coming to the fore: an explosion in corporate and public debt. With a contracting global economy, capitalism has no choice but to seek a way out of debt through increased exploitation and suffering. What does this future hold?

Will Coronavirus Unleash the Next Great Recession?

Most mainstream journalism tends to assume or report on the capitalist economy’s problems — and its politics — as emanating from “outside.” Be it the triumph of Brexit, Trump’s election, the U.S.-China “trade war,” the coronavirus pandemic, or the current stock market cataclysm, everything seems to emerge as if “lightning in a calm sky” or, in its most modern version, as a “black swan.”1Translator’s note: The reference is to the theory articulated by Nassim Nicholas Taleb in his 2007 book The Black Swan, which aims to explain high-profile, difficult-to-predict events that are allegedly beyond normal expectations. It is clear that

Why the IMF is Losing Hope in the Economy

Economist Paula Bach describes the contradictions that lie behind the current market volatility and why the “experts” are losing confidence in the global economy.

The Robotics Revolution

The intimate story between productivity and investment. Clues to overcome technological optimists and pessimists. There are many theories to explain the phenomenon of the century: profit versus expected return.

The Trump Era: Reflections on the Future Economy

Does Trump’s victory mark the end of neoliberalism? In this article, we will analyze Trump’s economic platform, its striking contradictions and the balance between demagoguery and reality.

Exit the Euro? Polemic with Greek Economist Costas Lapavitsas

Spanish version from La Izquierda Diario, July 27, 2015. A broad spectrum of people from Nobel Prize in Economics winners Paul Krugman and Joseph Stiglitz to members of Syriza’s Left Platform, are defending – with more or less resolve – the need for Greece to abandon the Eurozone. “The Case for Grexit” (1) is the title of an article by Costas Lapavitsas, the well-known Greek Marxist economist and member of the Left Platform, which was published in July in “Le Monde Diplomatique”. Here we review some of the main concepts developed by the author and further delve into the polemic