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Economics

Federal Reserve Gearing Up for Banks to Share Their Wealth … with the Rich

An announcement yesterday is warming the hearts of bankers and other capitalists across the United States. They’ve been waiting impatiently for the end of pandemic-related restrictions that have kept them from some of their favorite ways of further enriching themselves and their wealthiest friends. 

Scott Cooper

March 26, 2021

New Study: Ultra-Wealthy Are Paying Even Less Taxes than You Think

Donald Trump paid $750 in taxes for an entire year. But he is no exception. Not only does capitalism’s laws provide the super-rich with all sorts of ways to avoid paying taxes, they also are rarely audited.

Scott Cooper

March 22, 2021

From India to Myanmar: Class Struggle Erupts in South and Southeast Asia

Class struggle is deepening throughout South and Southeast Asia, and it may get even stronger as pandemic-related restrictions are relaxed. This article reviews the most important conflicts of the past year.

Salvador Soler

March 17, 2021

No, We Are Not Going to Beat Capitalism on the Stock Market

Has some new kind of activism beaten the hedge funds? Hardly.

Nathaniel Flakin

February 1, 2021

The Capitalists and their Economists Are at War Over Stimulus

Bourgeois economists, like the politicians they serve, are fighting over the Biden stimulus plan. Helping those of us who might get checks is not the aim. It’s a battle over the best way to rescue capitalism from another crisis of its own making.

Scott Cooper

January 31, 2021

Covid and Fictitious Capital

In 2020, output, investment, and employment plummeted across the world, but the opposite was true for the stock and bond markets of the major economies. Marxist economist Michael Roberts explains this trend, which will likely reverse in 2021.

Michael Roberts

January 27, 2021

The Brexit Deal: A Marxist Analysis

As the United Kingdom leaves the European Union, British capitalism will suffer. But as Marxist economist Michael Roberts argues, the bigger problem is the COVID slump and the underlying weakness of British capital.

Michael Roberts

January 4, 2021

A Better 2021: The Wishful Thinking of Bourgeois Economics Forecasts

Bourgeois economists acknowledge that while 2021 will be a more-or-less tough year for profits and exploitation, success is on the horizon. What’s really behind their forecasts?

Scott Cooper

January 1, 2021

The Wall Street Journal’s Indefensible Defense of Scrooge

The voice of capitalism has got a big, old “bah, humbug” for the world’s masses. Merry Christmas!

Scott Cooper

December 25, 2020