income inequality US Russia

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

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

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. 

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

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 and the left

First published at

“There’s something happening here
But what it is ain’t exactly clear.”

Charlie 1

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

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.

China’s rise, ‘diminished dependency’ and imperialism in times of world disorder: Interview with Esteban Mercatante

Esteban Mercatante discusses how recent global shifts in processes of capital accumulation have contributed to China’s rise, the new (and old) mechanisms big powers use to plunder the Global South, and its implications for anti-imperialist and working-class struggles today.
Surplus value

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.”

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?

Twenty-first century imperialism, multipolarity and capitalism’s ‘final crisis’: Interview with John Smith

John Smith, author of "Imperialism in the Twenty-First Century: Globalization, Super-Exploitation, and Capitalism’s Final Crisis", discusses the realities of imperialism today and what it means for those fighting for a socialist future.