The 26 counties has a rapidly ageing population. According to the Central Statistics Office (CSO), the amount of the population aged 65 or over grew 40% between 2013-2023, from 569,000 to 806,000. By 2051, the number will double to 1.6 million. As with everything in this country, the lack of […]
Economics
Trump World
The election last month of Donald Trump as President of the United States of America has received extensive media coverage. Much of the reporting has, understandably, focused on the individual and his idiosyncratic, even eccentric behaviour. How did such an unconventional character manage to persuade a majority of Americans to […]
Foreign investment, the productive forces and Ireland
Our understanding of foreign direct investment (FDI) is heavily influenced by Lenin’s analysis of imperialism, where FDI is seen as the export of capital from the advanced capitalist core, led by monopolists, to peripheral countries. The motive behind this is clear: to secure higher rates of surplus value no longer […]
On The Terminal Decline of Empire
The US Empire is in the throes of a cycle leading to its terminal decline. It is not possible to predict how long this phase will last but there is ample evidence that this process is underway. History teaches us, too, that while imperialism is a affliction on humanity in […]
Coalition Government Running Out Of Steam and a System That Can’t Be Fixed!
The three party coalition government of Fine Gael, Fianna Fáil and the Green Party is clearly running out of steam. Their Programme for Government has failed on many levels, from housing to the environment to healthcare, the list goes on. Their housing strategy has failed as private capital is driven […]
Book Review – Techno Feudalism by Yanis Varoufakis
The M-C-C’-M’ circuit means Money (M) which is exchanged for Commodities (C) – including labor power which also becomes a commodity in a capitalist society – involved in the production process to produce a value-added commodity (C’) which is sold for more Money (M’), and thus the accumulation of capital […]
How prices can rise while a market slows down
The European Central Bank interest rate has been set as high as 4% which is a record interest rate since the 2007/8 credit crisis. The premise justifying this high interest rate is that the previous practice of setting the interest rate at zero, if not negative, rates caused a massive […]