Partisan • Patriotic • Internationalist
Since at least the final stages of World War II, the United States has sought to achieve global hegemony through the unrestrained use of its economic and military might. Constrained for several decades by the presence of socialist states, the demise of the Soviet Union appeared to give the American […]
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 […]
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 […]
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 […]
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 […]
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 […]