Political Economy

Political Economy

Who said that?

“That’s not the case. Most of the apples are fully rotten. And so is the mainstream reporting.”—Eva Bartlett, Canadian journalist and activist commenting on the description of terrorists in the “White Helmets” in Syria as “a few bad apples.” “The real underlying currency of our world is not gold, nor […]

Ireland Political Economy

Marxism and the housing crisis

“Our cities can never be made really habitable or worthy of an enlightened people while the habitations of its citizens remain the property of private individuals. To permanently remedy the evils of city life the citizens must own their city.” (James Connolly, Workers’ Republic, 18 November 1899) “The so-called housing shortage, which […]

Political Economy

Who said that?

“Again, it is important to highlight here that what failed was the state’s management of public enterprises, not the capacity of society to manage its assets in a democratic manner. This is a country under a blockade and capitalists don’t pay taxes!”—Pedro Eusse, Political Bureau, Communist Party of Venezuela, commenting […]

Political Economy

Marx, Gamestop, and finance capitalism

As retail investors launched a short squeeze on large hedge funds, forcing large stock-market movements and frenzied recapitalisation, many commentators heralded it as a victory for “the little guy” against Wall Street. However, the truth is far from that simple. “The biggest owners of Gamestop: Fidelity (14%), Cohen’s RC Ventures […]

Political Economy Socialism

€38.04 an hour?

The upper limit of a transformative wage demand A transformative strategy is “a means by which to expose the antagonistic contradictions between capitalism and the working class and, in so doing, to undermine capitalism and present the potential for a socialist alternative.”¹ While an increase in the minimum wage from […]