The Deflation of Speculative Bubbles

The effects of the pandemic on the already existing trend of decline in the world economy are already causing several speculative bubbles to deflate and for other bubbles to threaten to burst. By Alejandro Iturbe. Speculative bubbles are the result of the inflow of surplus capital from production that does not...

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...

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...

Before the Capitalist Catastrophe, the Solution is Socialist Economic Planning

Socialism means workers' democracy and planned management of the economy. Only in a working-class democracy can the working class dominate and effectively rule By Jeferson Choma Rarely in history is the catastrophic and destructive potential of capitalism exposed as clearly as we witness it today. This is no exaggeration. The very...

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...

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...

The underlying reasons for the Long Depression

There are two new mainstream papers out that offer some interesting analysis on the reasons behind the Long Depression that the major economies (or at least, the US) have suffered since the end of the Great Recession in 2009 – in the growth of real GDP, productivity, investment and...

ASSA 2017 – part one: productivity and inequality

One of the main themes of this year’s annual conference of the American Economics Association, ASSA 2017, was whether capitalism was slowing down. Was the productivity of labour (output per ASSAworker or per hours worked) no longer growing at previous trend rates and indeed capitalism was entering some level...

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...

What Lies Behind Trump’s Threat of Trade War?

"We are like the piggy bank that everyone is robbing, but this is over." With these words, US President Donald Trump announced that his country would not sign the G7 summit’s joint statement held in Canada on June 8-9. By Marcos Margarido.   A few hours earlier, Canada's Prime Minister Justin Trudeau...

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