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

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.

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.

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?

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.

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, […]

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 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.

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.

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 […]

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 […]

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 […]

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 […]