economics
![income inequality US Russia](/sites/default/files/styles/thumbnail_medium/public/2024-06/Screenshot%202024-06-13%20164340.png?itok=LYLX8EO0)
Russia’s delinking from the West: The great equalizer
Dmitry Pozhidaev — In combination with growing state capitalism and the war economy, Russia’s delinking has created additional internal investment opportunities and fiscal space for income redistribution.
![new imperial order](/sites/default/files/styles/thumbnail_medium/public/2024-04/graffiti-art-painting-853892-1-qn8oq9xbo7tjemk932nzk0p1gyojl3oce83kzujejc.jpg?itok=GhOVB_qV)
Prelude to a new imperial order?
Todd Gordon & Jeffery R Webber — The immediacy of the Russian invasion of Ukraine alongside the emergence of China as a potential global power has changed the debate on imperialism.
![Graph 1](/sites/default/files/styles/thumbnail_medium/public/2024-04/Screenshot%202024-04-30%20at%209.17.40%E2%80%AFam.png?itok=3GoEv7fv)
Michael Roberts: Further thoughts on the economics of imperialism
Michael Roberts — Imperialism can be quantified in economic terms: it is the persistent transfer of surplus value to the rich countries from the poorest countries of the world. This process developed some 150 years or so ago and remains.
![Rivera](/sites/default/files/styles/thumbnail_medium/public/2024-01/arton22133-d2742.png?itok=dVRnnwrL)
Why ‘developing countries’ are trapped in a new debt crisis
Eric Toussaint — The World Bank report on the debts of “developing countries,” published on December 13, 2023, reveals an alarming fact: in 2022, developing countries as a whole spent a record US$443.5 billion to pay for their external public debt.
![Prabhat Patnaik](/sites/default/files/styles/thumbnail_medium/public/2024-01/Prabhat-Patnaik.jpg?itok=xwoumu6K)
The transitional program for the 21st century
Prabhat Patnaik — The crisis of overproduction/underconsumption cannot be overcome within neoliberal capitalism itself. The only way out of this crisis is to go beyond neoliberal capitalism which is to go beyond capitalism.
![Bidenomics](/sites/default/files/styles/thumbnail_medium/public/2023-11/bidenomics.png?itok=HFgC3g8X)
First published at nonsite.org.
“There’s something happening here
But what it is ain’t exactly clear.”
![Charlie 1](/sites/default/files/styles/thumbnail_medium/public/2023-11/charlie_one-1024x576.jpeg?itok=G-wJcksI)
Marxist crisis theory: Why capitalism fails
Charlie Post reviews the three main radical and Marxian theories — under-consumption, profit squeeze, and the falling rate of profit — to determine their theoretical consistency, factual accuracy and political implications.
![BRICS global GDP](/sites/default/files/styles/thumbnail_medium/public/2023-09/brics2.jpg?itok=mU61rKke)
Imperialism, the Long Depression and the BRICS illusion: Interview with Michael Roberts
Michael Roberts talks about the realities of imperialism today and how much — or, rather, how little — has changed since Vladimir Lenin wrote his book on the subject.
![Surplus value](/sites/default/files/styles/thumbnail_medium/public/2023-09/surplusvalue.jpg?itok=A2FHNf0S)
Michael Lebowitz: What every child should know about Marx’s theory of value
Michael A. Lebowitz — The law of value works in mysterious ways. For some Marxists, it underlies everything we need to know about capitalism. But, just as Marx claimed he was not a Marxist, so too might he have said, “that’s not my law of value.”
![inflation](/sites/default/files/styles/thumbnail_medium/public/2023-08/Screenshot%202023-08-11%20113009.png?itok=kZCLd7ze)
The inflation blame game and Marx’s crisis theory
Mike Treen — Inflation is back worldwide, and with it the blame game. So what is the truth behind the claims and counterclaims being made?