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Marxist Economics

Inflation: Wages versus Profits

Here, we publish Marxist economist Michael Roberts' analysis of the relationship between wages and profit in the inflationary environment of today.

Michael Roberts

May 25, 2022

Ukraine-Russia: Like an Economic Earthquake

The war in Ukraine will have damaging economic consequences across the world, and it's happening as the global economy is supposedly recovering from the pandemic slump.

Michael Roberts

March 25, 2022

On the Anniversary of Its Publication, The Communist Manifesto’s Relevance Continues to Grow

As a revolutionary wave swept across Europe in 1848, led by reformers who wanted to overturn monarchies and secure their bourgeois property rights, Karl Marx and Friedrich Engels published The Communist Manifesto as a call to arms for a different kind of uprising: proletarian revolution, aimed at freeing humanity from wage slavery. Today is the anniversary of that publication.

Scott Cooper

February 21, 2022

A World to Win: Sign Up for Left Voice’s Intro to Marxism Reading Group

Join us this spring in an Intro to Marxism Reading Group. Meetings will be held every Sunday at 6 pm ET.

Left Voice

February 10, 2022

The Fed, Interest Rates, and Stagflation

Accelerating inflation may be an issue right now in the US and other recovering capitalist economies, but for capitalism, profitability is the real benchmark, and that can be hit by wage rises on the one hand and interest rises on the other.

Michael Roberts

October 8, 2021

Competition, Monopoly, and Exploitation under Capitalism

While signing an executive order to expand competition and crack down on monopolistic practices, Joe Biden said that “capitalism without competition isn’t capitalism. It’s exploitation.” His statement reflects a long-standing assumption among both classical and more left-leaning economists alike that increasing monopolization is the source of increasing exploitation under capitalism. What do they get wrong? Economist Michael Roberts explains.

Michael Roberts

July 17, 2021

Inflation, Interest Rates, and Debt

Accelerating inflation may be an issue right now in the U.S. and other recovering capitalist economies. But for capitalism, profitability is the real benchmark and that can be hit by wage rises on the one hand and interest rises on the other.

Michael Roberts

July 9, 2021

Financial Fictions: SPACs, NFTs, and Cryptocurrencies

In recent years, there has been a spate of new fictions in the casino world of financial speculation. Marxist economist Michael Roberts discusses these technological developments and how when the financial markets go belly up, the digital damage will be exposed.

Michael Roberts

April 14, 2021

Financial Fictions: The Old Ones

In recent months, we have seen financial meltdowns from Archegos Capital and Greensill Capital. Marxist economist Michael Roberts dives into the fictitious capital behind these events.

Michael Roberts

April 13, 2021