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Paula Bach

Paula is an economist from Buenos Aires and a member of the Party of Socialist Workers (PTS).

Can Technology Alone Propel Us Beyond Capitalism?

A polemic with those who believe AI, robotics, 3D printing, and nanotechnology will overcome class exploitation.

Paula Bach

January 3, 2021

New Technologies, TikTok, Competition, and “Free” and Human Labor: An Interview with Economist Paula Bach

Economist Paula Bach, in an interview, addresses the future of work, new technologies and their relationship to the capitalist crisis, and how capitalism’s search for profit keeps new technologies from fulfilling their promise of vastly improving the lives of the great majority of people.

Paula Bach

September 19, 2020

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.

Paula Bach

August 4, 2020

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?

Paula Bach

May 13, 2020

Global Economic Crisis and COVID-19: The Reign of Uncertainty

The coronavirus pandemic is imposing extremely dire circumstances on capitalism worldwide. This could not only drag us into a global depression but could also pose the possibility of war.

Paula Bach

March 25, 2020

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, […]

Paula Bach

March 16, 2020

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.

Paula Bach

February 11, 2018

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.

Paula Bach

December 6, 2016

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.

Paula Bach

November 26, 2016

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 […]

Paula Bach

August 4, 2015

Capital in the 21st Century; Considerations on Thomas Piketty and inequality as manifest destiny

Thomas Piketty’s book Capital in the 21st Century has reached second place on the Amazon bestsellers list, and third on the The New York Times’ list. According to The Guardian “Carrying it under your arm has, in certain latitudes of Manhattan, become the newest tool for making a social connection among young progressives.” The book […]

Paula Bach

July 9, 2014

A specter is threatening Europe

The Nobel Laureate in Economics and New York Times columnist Paul Krugman predicted the “Greek euro exit, very possibly next month.” If this prediction comes true, both Krugman and the publications Financial Times and Der Spiegel maintain that the panic would spread to the rest of the eurozone and that the next step would be […]

Paula Bach

May 17, 2012

Are we facing a new turning point?

One of the three most important credit rating agencies, the Anglo-Saxon agency Moody’s, has threatened to reduce the rating of 87 banks from 15 countries of the European Union (EU). Yesterday, in order to get credit in the market, the public bonds of the Italian debt paid an interest rate that is above those that […]

Paula Bach

December 9, 2011