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Economics

Keynes and Keynesianism: Capitalism's 'croaking Cassandra'

Details Adam Booth logo 27 Aug 2021

The 2008 crash and coronavirus crisis have revived interest in the theories of J.M. Keynes, the liberal English economist. But a look at Keynes’ life and ideas show that he was no friend of the working class. We need socialism, not Keynesianism.

NFTs and SPACs: the insanity of casino capitalism

Details Nelson Wan logo 05 Apr 2021

In the midst of the pandemic, some parts of the economy are booming. Speculative investments are continuing in a frenzied fashion. The latest celebrity-driven fads, NFTs and SPACs, are among the insane expressions of this whirlpool of speculation.

GameStop, casino capitalism, and chaos on Wall Street

Details Jorge Martin logo 01 Feb 2021

Organised on Reddit, a movement of amateur stock traders has taken on the big hedge funds, exposing how rigged and rotten the whole system is. Capitalism is a casino. We need socialism, not speculation.

Review: 'The Deficit Myth' – Two wrongs don't make a right

Details By Adam Booth logo 17 Sep 2020

Modern Monetary Theory has become in vogue on the left, as a supposed answer to the austerity agenda pursued by big business politicians. But the limits of a new book by a leading MMT proponent show why we need the ideas of Marxism.

Marxism, Keynesianism, and the crisis of capitalism

Details Adam Booth logo 03 Apr 2020

Governments everywhere are pumping money into the world economy to keep it on life support. Subscribers to Keynesian economic ideas - of government stimulus and demand-side management - feel vindicated. But only Marxism offers a solution.

More Articles ...

  1. Universal Basic Income - is it the radical change we need?
  2. Marxism vs Modern Monetary Theory
  3. What kind of ownership and democratic control?
  4. The Bitcoin bubble and cryptocurrency craze
  5. Capitalism's 24 carat crisis: gold standard isn’t the answer
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