The Global Economy on a Roller Coaster

As persistent inflation drives economic decisions in the wealthiest economies, we are seeing more-pronounced threats of a global economic slowdown and new crises related to debt and balance of payments.

Food, Famine, and War

If anything proves that famine and food insecurity are man-made, it is the current food crisis that is putting millions globally close to starvation.

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.

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.

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.

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.

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.

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.

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.