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 […]

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 […]

Political Economy

Who said that?

“It’s a small nation with a strong identity, but it jumps like a puppy desperate for attention from one of the big boys—in this case, Biden. His PR team have played the Irish like a Stradivarius.”—Chris Sweeney, author and columnist, on Ireland’s “relationship” with Joe Biden “Ah, yes, America. The […]

Political Economy Socialism

Work, our mental health, and the disease of neoliberalism

Even our primate ancestors “worked”; they had “jobs”—not as we know them today but jobs nonetheless. And they “worked” to feed themselves and their offspring, just as we must do today. But of course they worked only to satisfy their needs: there was no working for someone, or being exploited.

Early human farming too was to survive; but then, with improving farming techniques, not only did…