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.
Esteban MercatanteJuly 13, 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 CooperFebruary 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 VoiceFebruary 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 RobertsOctober 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 RobertsJuly 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 RobertsJuly 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 RobertsApril 14, 2021