Economics
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