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Economy

The Rich List 2014: trickle up economics

This year's Rich List, published by the Sunday Times, shines a spotlight on the reality under capitalism: whilst millions of ordinary workers and youth face a future of austerity, the super-rich continue to see their wealth increase. Felix Lighter reports on the latest evidence for the "trickle up" economics under capitalism.

Piketty’s Capital and the spectre of inequality

Thomas Piketty, a French economist and academic, has become an overnight sensation thanks to his book “Capital in the Twenty-First Century”, a bestseller that has sparked debate on all sides for its detailed analysis of inequality under capitalism, with elation and praise from the reformist left, and horror and fright from the free-market right. Adam Booth takes a look at the response to Piketty’s Capital.

Professor David Harvey speaks at the LSE on the "Seventeen Contradictions of Capitalism"

On Wednesday 2nd April 2014, roughly 450 people filled the LSE's Old Theatre to hear a lecture on 'The Seventeen Contradictions of Capitalism', given by the prominent Marxist academic, Professor David Harvey, who was launching his new book on the Marxist theory of capitalist crisis. Josh Holroyd reviews Harvey's analysis of the crisis of capitalism.

UK Budget 2014: handouts for the rich; nothing for the poor

This year’s budget from George Osborne has been described as the most typical Tory budget he has yet given. Whether that is correct is open to debate; but what is true is that it has many of the features of previous Tory budgets in a pre-election year: huge handouts to the rich, lots of shiny baubles for wavering Tory voters, and nothing for the poor.

Marxist theory: the advantage of foresight over astonishment

It has often been stated that the correctness of Marxist theory - in its ability to predict the general course of development within the economy and society - demonstrates the superiority of foresight over astonishment. Never has this been better demonstrated than by the events of the current crisis, which has left the ruling class flailing blindly in search of an explanation or a solution.

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