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Economy

Disputes Between U.S. and China Dominate UN General Assembly

This Year's remote meeting of the United Nations General Assembly reflected the continued global health crisis as well as the ongoing and increasingly sharp economic battle between the US and China.

Claudia Cinatti

September 26, 2020

Uneven Development and Imperialism Today: Engaging with the Ideas of David Harvey

The last few decades have been characterized by weak economic growth in the developed countries, which contrasts with the dynamism shown by China and other countries on the periphery. What does this tell us about the relations that characterize the world capitalist system?

Esteban Mercatante

September 13, 2020

No Return to Normal for the Capitalist Economy

The capitalists are celebrating their booming stock market and dreaming of a return to normal. But that’s a fantasy. We’re living through another fundamental breakdown of the capitalist economy. The question is, who will have to pay for it?

Jason Koslowski

September 7, 2020

The Measure of Everything: David McNally’s Materialist History of Money

David McNally’s new book, Blood and Money, is a devastating and brilliant account of money and its role in historical and current processes of class and state domination. A model of Marxist historical scholarship, it’s a must-read for Marxists and other anticapitalist activists and thinkers, speaking both to our current moment and to more enduring questions class, power, dispossession, and the potential of working class movements from below to transcend these.

Ahmed Kanna

August 25, 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

Goldman Sachs Makes Record Profits Amid Economic Crisis for the Working Class

Most people in the U.S. are struggling. But, with help from the Federal Reserve, Goldman Sachs is making record profits.

Tatiana Cozzarelli

July 19, 2020

Returning To Normal?

With over tens of millions unemployed in the US and economies slowly reopening after the coronavirus pandemic, where are we heading? Economist Michael Roberts provides perspective. The following article was originally posted on Michael Roberts' blog, "The Next Recession. "

Michael Roberts

June 10, 2020

Send Your Reports: Workers’ Voices on the Reopening

We are calling for submissions on the reopening of workplaces in the midst of the coronavirus pandemic. Send us your stories, your experiences, and your anger.

Left Voice

May 24, 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