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Economics

Monopoly Capitalism

Details Will Roche logo 30 Nov 2009
factorymed.jpgThere has been no levelling off of the global economy, as economists predicted. Although industrialisation has expanded to lesser-developed countries, it has generally been along lines determined by global corporations based in advanced capitalist countries. From colonialism, we have moved into the age of multinational corporate domination. Will Roche looks at the rise of monopoly capitalism.

What is financialisation?

Details Mick Brooks logo 04 Mar 2009
cw1.jpgThe holy trinity of ideological concepts for the modern capitalist age are neoliberalism, globalisation and financialisation. Of these three concepts financialisation occupies a position akin to that of the holy ghost, as the least understood and least discussed of the three. Financialisation is a reality under modern capitalism. Marxists need to examine how much it has changed capitalism, and how far the system remains fundamentally the same.

The crisis of world capitalism is gathering speed

Details In Defence of Marxism Editorial Board logo 17 Dec 2008
crisisgathersspeed.jpgThe crisis of world capitalism is unfolding relentlessly and with gathering speed. First came the financial crisis (the so-called credit crunch), but now the second phase has begun - the crisis of the real economy - and it is accelerating as each day goes by. This is leading to sharp changes in consciousness, rising working class militancy and the beginnings of polarisation within the labour movement itself.

Ford: Global Company, Global Struggle

Details David May logo 17 Dec 2008
The big corporations in North America, Western Europe and Japan are moving more of their factories abroad in search of lower wages. But in the process they are tying the interests of the international working class more closely together. In global companies like Ford, the interests of a section of workers on almost every continent are directly linked. The answer to capitalist globalization is to link up workers’ struggle worldwide.

Neoliberalism – dead or only sleeping?

Details Mick Brooks logo 17 Dec 2008
"Neoliberalism", sometimes called "market fundamentalism", i.e. the policy of non-intervention by the state in the economy, has been the dominant ideology of the bourgeoisie for close to three decades, involving widespread privatisation and all the other policies that go with it. The present economic meltdown, however, is forcing governments to intervene, regulate, and even nationalise firms because they have no choice. So is "neoliberalism" dead?

More Articles ...

  1. On nationalising the banks
  2. Arms expenditure and the 'Permanent Arms Economy'
  3. The secret of Surplus Value
  4. A Short history of Inflation
  5. Live working or die fighting: how the working class went global
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