Capitalism
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Into the Tempest: Essays on the New Global Capitalism
Capitalism’s grow-or-die imperative is driving humanity to the brink of extinction. At the present rate of global greenhouse gas emissions, the climate crisis alone could soon end civilization and destroy the biosphere. Biologists report that up to a million species of plants and animals are on the verge of extinction. Global capitalism is not only… Continue reading
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Revolts Against The Neoliberal World Order
Protests against the US and big finance-imposed neoliberal capitalism have exploded across the globe. Two weeks ago, in Pink Tide Against US Domination Rising Again In Latin America, we reviewed 12 Latin America nations that are rising up against privatization, the cutting of social programs, soaring prices and low wages. In the last week, mass protests… Continue reading
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Western progressives and the imperialist Inquisition
Most people who think of themselves as progressive in the imperialist countries of North America and Western Europe, continue to believe the right wing opposition version of events in Nicaragua in 2018. A great many also accept some version of the right wing opposition account of the crisis in Venezuela. One obvious reason they do… Continue reading
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Disrupting the nitrogen cycle: Articles on a major metabolic rift
How the global nitrogen cycle has been disrupted by an economic system that values profits more than life itself. Continue reading
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The top 1% own 45% of all global personal wealth; 10% own 82%; the bottom 50% own less than 1%
The annual Credit Suisse report on global wealth has just been released. This report remains the most comprehensive and explanatory analysis of global wealth (not income) and inequality of wealth. Every year the CS global wealth report analyses the household wealth of 5.1 billion people across the globe. Continue reading
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British Workers By Tony Norfield
As we wait impatiently while the Brits go through the interminable travail of Brexit, let us have a look at who they are. Not directly in a social, cultural or political sense, but by reviewing the data on UK employment. Work gives a foundation for people’s daily lives and will, in turn, have an impact… Continue reading
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The Return of the Class Struggle
A specter is haunting the world. It is not yet that of communism, but that of class struggle—in capital letters. This new wave of protests began with the emergence of the yellow vests in France, which for the first time in many years made the ruling class of an imperialist country fear revolt. It has… Continue reading
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Corporate debt, fiscal stimulus and the next recession
The debt owed by corporations in the major economies has risen since the end of the Great Recession in 2009. With global growth slowing and the prospect rising of an outright global recession recurring ten years after the last one, the debt held by corporations may soon become so burdensome to a sufficiently large number… Continue reading
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The US/UK trade deal is truly frightening – here’s what’s coming
By TruePublica Editor: In the magical illusions of the smoke and mirrors ideology behind Brexit, we should be acutely aware of what a trade deal with America means. In our article this week – The MAGA Agenda – it seems that among those on the radical right – the government, their acolytes and corporate donors… Continue reading
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Capitalism ‘Good’ & ‘Bad’: A Reply to Stiglitz and Macron By Jack Rasmus
I was recently asked by a media source to answer the followning questions for an interview about the future of capitalism in general, and about recent comments on that theme by economist, Joseph Stiglitz, and France’s president, Macron. Here are my responses to the questions asked by the reporter: Continue reading
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The War on Weed: Monsanto, Bayer, and the Push for “Corporate Cannabis”
Canada is to become the second country after Uruguay to legalize the recreational use of cannabis. Adults will be able to purchase cannabis from “federally licensed producers”. At present, Canada has according to the BBC “one of the highest rates of cannabis use” Worldwide. “Canadians spent an estimated C$5.7bn ($4.6bn; £3.5bn) in 2017 alone on… Continue reading
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Capital not ideology By Michael Roberts
Back in 2014, French economist Thomas Piketty published a blockbuster book, Capital in the 21st century. Repeating the name of Marx’s Capital, the implication of the title was that it was an updating Marx’s 19th century critique of capitalism for the 21st century. Piketty argued that the inequality of income and wealth in the major… Continue reading
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How Capitalism ‘Solved’ the Nitrogen Crisis (continued)
Part Four of Ian Angus’s examination of the disruption of the global nitrogen cycle by an economic system that values profits more than life itself. Continue reading
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Twitter under fire for profiting from millions of UK users data which it illegally sold to advertisers
The crooks that run the global social media corps are at it again. Of course, they take Facebook’s lead where last July Facebook’s stock price actually went up after news of a record-breaking $5 billion FTC fine for various privacy violations. Just to repeat that – the fine was five thousand million dollars – and the stock… Continue reading
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THE MARCH OF THE FINANCIAL ALGORITHMS
The purpose of this article is to begin examining the role played by computer algorithms in assisting and even replacing financial and investment decision making. It was inspired by the lead article in the Economist Magazine (5th – 11th October 2019) titled Masters of the Universe. It poses the question, as to whether these algorithms… Continue reading
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The irrationality of capitalism: Millions cut off from electricity, lives endangered by California utility PG&E
The forced blackouts affecting over two million people and businesses across 34 counties in Northern California are a stark example of the irrationality of the capitalist system. Continue reading
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A Green Earth With Peace And Room For Us All
Draft Globalization programme submitted by the National Board of the Red-Green Alliance/Enhedslisten, Denmark, to the party’s next Annual Congress on 5 – 6 October. It is a programmatic text about global development. Continue reading
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Knowledge commodities
In the Oxford Handbook of Karl Marx, Thomas Rotta and Rodrigo Teixeira have a chapter called the commodification of knowledge and information. In this chapter, they argue that knowledge is ‘immaterial labour’ and ‘knowledge commodities’ are increasingly replacing material commodities in modern capitalism. Continue reading
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Thomas Sankara: Imperialism is the Arsonist of Our Forests and Savannas
This speech was first given at the first International Silva Conference for the Protection of the Trees and Forests in Paris. It has been since been disseminated by revolutionaries through many means as a way to underscore the necessity of social revolution and an environmental focus. Now more than ever this speech is necessary to… Continue reading
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Socialism is the only realistic solution to climate change by John Molyneux
Capitalism will not and cannot prevent climate disaster. A socialist response at governmental and societal level is an historic necessity. Continue reading
The New Dark Age 