Economy
FinCEN Files: The Capitalists Are Stealing Even More Money than Realized
The FinCEN investigation, which tracked over $2 trillion in illicit funds that banks had knowingly transacted, illuminates the level of collusion between the government and financial sectors. More banking reforms haven’t provided respite from money-laundering. Instead they have increased profit for the banks --- and misery for the working class.
M.K. Kumar
October 13, 2020Disputes 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, 2020Uneven 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, 2020No 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, 2020The 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, 2020The 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, 2020Goldman 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, 2020Returning 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, 2020Send 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, 2020The 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