Paris Commune 150: the Economics

Today is the 150th anniversary of the beginning of the Paris Commune.  The Commune (Council) was formed as result of what should be considered the first uprising and revolution led by the working class in history.  This new class was the product of the industrial revolution in the capitalist mode...

Decreasing of China’s growth is followed by an increase in working class struggles

The expectations were high when the Chinese government announced on April 14 the 2015 first-quarter growth figures of the country. Governments and banks around the world wanted to know if the reduction in the growth of the Chinese economy, expressed by the Gross Domestic Product (GDP) would be...

What leaves 2018 and what is coming in 2019 for our struggles

No one can deny that 2018 was an intense year. Imperialism and the national bourgeoisies have not ceased in their attacks, standing firm in their intention to make the working class and the exploited people of the world paying for the economic crisis, which they generated. By Daniel Sugasti More than...

Panama Papers: evidence of an inherently corrupt system

A few days ago it came to light through the now famous Panama Papers (a leak of information from the Panamanian law firm Mossack Fonseca), the existence of offshore companies involving governments, politicians, businessmen, sportsmen, artists, etc., from more than 40 countries on five continents. What does this mean?...

The G20 and the Cold War in Technology

Last weekend’s G20 summit in Osaka resolved nothing substantial in the ongoing trade and technology war that the US is now waging with China. At best, a truce was agreed on any further escalation in tariffs and other measures against Chinese tech companies.  But there was no long-lasting agreement...

China: myths and reality

There is an interesting debate to the interior of Marxist tendencies on the current nature of the Chinese State. There are different points of view regarding this. However, the predominant idea is that in China, unlike in the former URSS, capitalism has not been restored, although deep pro-capitalist reforms...

A Global Manufacturing Recession

As we enter October, the global recession is with us – in manufacturing.  The PMI manufacturing activity indexes for most of the major economies are below 50, the threshold for expansion or contraction.  These are only surveys of corporate managers asking them about production, sales, employment etc.  But PMIs...

A new situation of political crisis opens in the UK

Post Brexit, a political crisis has deepened in the UK for both Labour and Tory parties. The majority vote was 52 percent with a turn out of 72 percent (higher than 2015 general election turn out of 67 percent). A majority of older workers and a majority of populations...

The Gravity of a Possible New World Recession

  The world is experiencing a succession of convulsive processes of the class struggle, with revolutionary ascents (such as those lived in Chile, Haiti, Hong Kong, Lebanon, Iraq, and others), and also counter-revolutionary coups (as in Bolivia).              It is important to identify that there is a material basis for...

The Long Depression – an interview with Michael Roberts

Mark Kilian from de Socialist, a Dutch socialist journal, talked to me about my new book, the current economic stagnation, the prospects for another recession and the way out for capitalism.  Here is the English translation of the interview kindly provided by Mark and edited by me. MK: Our government...

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