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?

Global Economic Crisis and COVID-19: The Reign of Uncertainty

The coronavirus pandemic is imposing extremely dire circumstances on capitalism worldwide. This could not only drag us into a global depression but could also pose the possibility of war.

Will Coronavirus Unleash the Next Great Recession?

Most mainstream journalism tends to assume or report on the capitalist economy’s problems — and its politics — as emanating from “outside.” Be it the triumph of Brexit, Trump’s election, the U.S.-China “trade war,” the coronavirus pandemic, or the current stock market cataclysm, everything seems to emerge as if “lightning in a calm sky” or, […]

Trotsky as a Guide for Analyzing the World Situation

Trotsky developed a method to analyze “capitalist equilibrium” and the perspectives for socialist revolution. This is a useful tool to help us orient ourselves in today’s convulsive times.

The Labor Movement is Dead. Long Live the Labor Movement

Kim Moody’s latest book, On New Terrain, analyzes the current economic and political landscape as well as its present history and draws conclusions about the future of socialist organizing.

Marx’s Capital, 150 Years Later

British economist Michael Roberts takes a look at the implications of Karl Marx's major work, 150 years after its first edition.

Watch “Marx is Back”, Episode 2: The Market and the Capitalist Crisis

This is the second episode of “Marx is Back” a mini series based on the Communist Manifesto. Subtitles available.

Unfettered Economy Kills, Especially When it Thrives

Economic conditions affect health. In fact, economic conditions can kill. This idea is nothing new in itself--we have known about it for centuries. Engels’ The Conditions of the Working Class (1845) has already showed us this (see Figure below, drawn from data in Engels’ work).

Open Veins of the Global South

Continuing our series on imperialism 100 years since Lenin´s famous book on the subject, this article examines John Smith’s book, Imperialism in the Twenty-First Century.