Partisan • Patriotic • Internationalist
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 […]
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,