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This is an important book, written by Andrew Kliman, and published by
Lexington Books. In a nutshell, what Andrew Kliman shows is that Marx's laws of
motion of capitalism (how capitalism works and does not work) are logically
consistent and theoretically valid.
Last week, the Bank of England hiked its
interest rates, yet again, to 5.75%. This
was the fifth rise since August 2005.
And the head of the bank, Mervyn King, said that "further action" on
interest rates could be necessary. Most
observers reckon the interest rate that most borrowing and mortgages are based on
- the bank rate - will go to 6% or more by the end of this year.
The world's stock markets having been hitting all-time
highs in their prices, especially the markets of India and China,
where there seems no end to the upward spiral of the burgeoning capitalists
economies and their accompanying stock markets. Only the US economy is slowing as its
housing market collapses. 
Gordon Brown wants the UK to be 'the most
attractive location to do business.' He has a problem. Every other finance
minister in the capitalist world wants the same for their own country. What is happening is a race to the bottom. The rich get richer, the poor pay more.
Socialists have always been opposed to all forms of discrimination, not only because it is unfair to a part of the working class, but because discrimination divides us as a class and weakens us as a result.
Michael Roberts takes a look at the role played by the US Federal Reserve Bank and what its chairman, Ben Bernanke, has had to say about the inequality of income in capitalist society.
Behind the term "private equity" hides good old "asset stripping". It is not about making things. It's about making money from money, buying up companies, stripping them and selling them off with a mountain of debt. Or to use a simpler term, it's capitalism.
This is an updated version of an educational piece on Marxist economics that was produced in October 1974. It is an introduction to what often seems a complicated subject. It includes recommendations for further reading and should be read by all those interested in deepening their knowledge about Marxism.
China hints at a tax on capital gains and the Shanghai stock exchange falls by 10%, but then the fall affects all the other major stock exchanges. What does all this indicate? Michael Roberts gives his view on the question.
The World Institute for Development Economics Research of the United Nations University has carried out what it declares the 'most comprehensive study of personal wealth ever undertaken'. Unsurprisingly it concludes that the wealthy few are getting richer and richer at our expense.
All the figures on the British economy reveal the underlying sickness of the whole system. The indebtedness of the population has reached record levels. Now all the signs are there of a coming serious slowdown. This is what Gordon Brown will inherit as he prepares to become the next Labour Prime Minister.
