Political Economy

Campaigns Political Economy Socialism

Water is a human right

At the end of 2020 the water “futures” of California, the largest state in the United States in population and economy, were floated on Wall Street for the first time, under the banner of Nasdaq Veles California Water Index.1 It was the first flotation of its kind, offering potential investors the opportunity to hedge against the future availability of water in California: in simple terms, to get rich from the scarcity of the most important substance for all human, animal and plant life to survive.

International Political Economy

China’s digital currency

In 2008 the inventor of Bitcoin, Satoshi Nakamoto, expressed his view that “the root problem with conventional currencies is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.”¹ This is an old right-wing libertarian talking-point: “When the state spends money to achieve social aims, it devalues money in general, which is an attack on people with lots of money.”

Political Economy

Who said that?

“We’ve never had this dilemma between health and the economy. Obviously, the restrictive measures we’ve adopted . . . have had an economic impact but there’s no room for doubt that health comes first.”—Alejandro Gil Fernández, Cuban minister of economy and planning. “We are used to financial institutions making honest efforts to […]

Political Economy

UBI: A Trojan horse

The outbreak of covid-19 has exposed the glaring inequality in housing, health, education and work in Ireland and around the so-called “developed world.” This has led to renewed calls from some quarters for a universal basic income for all citizens. Some of those proposing this are well intentioned and believe […]

Political Economy Socialism

Dreaming of “liberal socialism”

IN SEPTEMBER the former Greek minister of finance and self-described “libertarian Marxist” Yanis Varoufakis published his vision of a post-capitalist world in his new book, Another Now. He has explained that his motivation for writing the book stems from his belief that Marxists have yet to set out a detailed plan for how a socialist economy and society might function,

Political Economy Socialism

From A to B, and everything in between

The Communist Party of Ireland has, time and time again, shown its analysis of capitalism and imperialism to be correct. Where we have been able to intervene and make a contribution to the wider political movements, debates and campaigns we have actively intervened in what were popular reformist demands, shifting them to transformative ideas and demands, in a number of crucial areas: (1) repudiating the debt,

(2) austerity is working, (3) the triple lock of imperialism, (4) public ownership of water enshrined in the Constitution,

(5) universal public housing, and (6) repeal of the Industrial Relations Act, to name a few. Eoghan O’Neill reports

Political Economy

Who said that?

“The earth is not dying, it’s being killed, and those who are killing it have names and addresses.”—Utah Phillips, folk singer “The US has bombed no less than thirty countries since the end of World War II, killing millions of people, maiming tens of millions more, disrupting and destroying education, […]