Marx, Keynes, Hayek and the Crisis of Capitalism – Part two
In this second part of his article on Keynes, Hayek, and Marx Adam Booth deals with the limitations of Keynes’ economic theory.
Read MoreMarx, Keynes, Hayek and the Crisis of Capitalism – Part one
A recent BBC documentary series entitled “Masters of Money” examined the ideas of three historical giants in economics: Keynes, Hayek, and Marx. In this article, we compare and contrast their ideas in the context of the current crisis of capitalism, to see if any of these figures and their writings really do have the answers […]
Read MoreLIES, DAMNED LIES AND… UMEMPLOYMENT
The Household Labour Force Survey, which is the official measurement of unemployment in New Zealand, reveals that the unemployment rate is 7.3% of the work force (or approximately 299,000 people). Yet, the numbers of people on the unemployment benefit are around the 50,000 mark according to the Ministry of Social Development.
Read MoreMarxism and the Media – Part 2
As with the sites of production of other commodities, the sites of media production are simultaneously sites of struggle. Journalists and other media workers can and must struggle against the domination of capital over their professions and over humankind.
Read MoreUS Elections 2012: The More Things Stay the Same, the More They Change
$6 billion and over a year of campaigning later, and it would appear that the status quo remains. Obama is still the president; the Democrats control the Senate; and the Republicans control the House of Representatives. On the surface, “nothing has changed.” Taken at face value, this is correct. As we have explained many times […]
Read MoreUnited States: Another Storm Shows the Bankruptcy of Capitalism
Just a few years ago, the world watched in horror as Hurricane Katrina hit New Orleans. The richest and most powerful imperialist country in the world did nothing as people were drowning, starving, and literally dying of thirst. Now, we see the northeastern United States get hit by Hurricane Sandy. Millions are still without power. […]
Read MoreMarxism and the Media: Part 1
Perhaps nothing elicits more disagreement and debate among Marxists and other left activists than a discussion about the media. There is no doubt that the mass media is omnipresent, mediating every aspect of our lives. How one relates to and interprets the world is largely coloured by how the media informs us. The disconnect between […]
Read MoreIndonesia: One million on strike
Amazing! There is no other word that can describe the situation on October 3. Workers all over Indonesia went on strike and took to the streets. This first national general strike in half a century truly raises expectations and hopes that it will be a turning point for the Indonesian labour movement.
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Venezuela: the masses defend revolutionary gains – time to move to socialism
Venezuelan president Hugo Chávez has won, yet again, the presidential elections on Sunday October 7, with a comfortable margin of 54.84% against the 44.55% of his opponent Henrique Capriles. This is another victory for the Bolivarian revolution which should be used in order to carry out the revolution to the end.
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