economics

By Damien Millet, Sophie Perchellet and Eric Toussaint. Translated by Christine Pagnoulle and Marie Lagatta

On April 26, 2010, Marxist geographer professor David Harvey spoke to the the Royal Society for the encouragement of Arts, Manufactures and Commerce (RSA) to explain how capitalism came to dominate the world and why it resulted in the current financial crisis. He asks: is it time to look beyond capitalism towards a new social order?

Taking a long view of the current crisis, Professor Harvey exposes the follies of the international financial system, looking closely at the nature of capitalism, how it works and why sometimes it doesn’t.

Av Paul Kellogg

Den voksende massebevegelsen og åpningen mot venstre i Hellas er oppmuntrende.
Det er i den bevegelsen det ligger håp om at det en gang kan vokse fram et virkelig progressivt Europa.

By Olivier Besancenot and Pierre-François Grond, translated by Richard Fidler and Nathan Rao

May 14, 2010 -- Le Monde via The Bullet -- The events in Greece concern us all. The Greek people are paying for a crisis and a debt not of their making. Today it is the Greeks, tomorrow it will be others, for the same causes will produce the same effects if we allow it.

May 3, 2010 – The bailout of the debt-ridden Greek government seems finally to be complete.

April 30, 2010

By Ingo Schmidt

"Random events, those happenings that nobody could foresee, always have a huge impact on historical outcomes."

March 15, 2010 -- This is an excerpt from an essay that forms the entire contents of the March 2010 edition of UNITY, Socialist Worker New Zealand's quarterly Marxist journal for grassroots activists. Following editions of the journal will expand on the crises which are converging to tip global capitalism towards collapse. To subscribe to UNITY journal, email Len Parker at office@sworker.pl.net. UNITY is posted to your letterbox four times a year. Price: $25 for NZ subscribers, NZ$40 offshore fastpost. This excerpt has been posted at Links International Journal of Socialist Renewal with permission.

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By Grant Morgan

Part 1: History lessons

The fable behind the stereotype

By Martin Hart-Landsberg

[A version of this article appeared in the South Korean journal, Marxism 21. It has been posted at Links International Journal of Socialist Renewal with Martin Hart-Landsberg’s permission.]

February 2010 -- The consensus among economists is that China’s post-1978 market reform policies have produced one of the world’s greatest economic success stories. Some believe that China is now capable of serving as an anchor for a new (non-US dominated) global economy. A few claim that the reform experience demonstrates the workability (and desirability) of market socialism. This paper is critical of these views.

By Harry Targ

Eric Toussaint interviewed by Igor Ojeda for the Brazilian weekly paper Brasil de Fato. Translated from French by Judith Harris and Chris