Socialist Appeal - International Marxist Tendency
Marxism. Socialism. Revolution.
In the final part of his series on the history and development of money, Adam Booth explores how monetary theories and systems have changed over time in response crises, and looks at the "solutions" proposed to overcome the contradictions facing the money system today. How do we break the spell of the so-called "root of all evil" and free ourselves from these "chains of gold".
In the fourth part of his series on the history and development of money, Adam Booth examines the factors lying behind inflation and explores the role of gold as the basis for an international monetary system. As the collapse of the gold standard - and more recently the european single currency - demonstrate, the contradictions of capitalism will eventually always come to the fore.
In the third part of his series on the history of money, Adam Booth looks at the growth of finance, the development of banking, and the role of credit within capitalism. As Adam stresses, the economic problems we face today lie not with an overbloated finance sector, greedy bankers, or a lack of credit, but with the anarchic, chaotic, and crisis-ridden capitalist system.
In the second part of his series looking at the role of money within capitalist society, Adam Booth explores the questions of value, alienation, and profit in order to develop a more in-depth understanding about the nature of money.
In the first of a five-part series analysing the role of money within capitalist society, Adam Booth looks at the origins and evolution of money. By applying the Marxist method to this question, we can strip away the mysticism of this seemingly omnipotent power - "the root of all kinds of evil" - and understand the solution to removing its grip over us.