economics
Ernest Mandel: An Introduction to Marxist Economic Theory (1967)
An Introduction to
Marxist Economic Theory (1967)
By Ernest Mandel
John Bellamy Foster: Can the financial crisis be reversed?
Interview with John Bellamy Foster, editor of Monthly Review, for Página/12 (Argentina).
Videos on the Marxist theory of capitalism
Capitalist versus socialist state intervention in the economy
By Martin Saatdjian
Four crises of the contemporary world capitalist system
By William K. Tabb
Engels: Introduction to Karl Marx’s Wage Labor and Capital -1891
By Friedrich Engels
The global financial crisis: implications for Asia
By Reihana Mohideen
The Wall Street crisis seems light years away from the side streets of Manila’s urban poor slums. For the labouring masses in the Philippines the capitalist system has been in crisis for some time now, unable to deliver life’s basic necessities: jobs and a living wage; affordable quality healthcare and education; and food security.
According to official National Statistics Office data poverty levels have increased between 2003 and 2006, and 2008 is expected to be the worst year since the 1998 Asian economic crisis. Between April 2007 and April 2008 the labour force grew by only 81,000, while the number of unemployed rose by 249,000, i.e. triple the increase in the labour force. In 2008 the number of employed persons fell by 168,000 and there was no employment generation in April of this year. Jobs were being lost at a time when prices and inflation were skyrocketing.
Walden Bello: A primer on the Wall Street meltdown
By Walden Bello, Focus on the Global South
[Read more on the capitalist economic crisis HERE.]
September 25, 2008 -- The Wall Street meltdown is not only due to greed and to the lack of government regulation of a hyperactive sector. It stems from the crisis of overproduction that has plagued global capitalism since the mid-seventies.
Many on Wall Street are still digesting the momentous events of the last ten days: