economics
Crisis, rivalry, and the fragmentation of global capitalism: Interview with Michael Roberts
Ashley Smith interviews Michael Roberts about the system’s seemingly intractable crisis, the looming threat of war between great powers, and the desperate need for international working-class solidarity against militarism.
The crisis in the banking industry has sent stock markets around the world into gyrations. What caused all of this? Is this a passing crisis? What impact will it have on the real economy? Ashley Smith interviews Michael Roberts.
Why Marx was right about capitalism needing to have periodic crises
Mike Treen - The key questions for Marx were understanding why capitalism operates the way it does and whether capitalism is a historically limited system that will reach a limit and need to be superseded.
The left, inflation and monetary policy
The return of high inflation after the global pandemic poses a major political and analytical challenge for labour and the left. On top of cuts to real wages resulting from the wide gap between inflation and pay, high and rising inflation has led central banks, including the Bank of Canada, to hike interest rates sharply. This is raising the debt servicing costs of households, businesses and governments and making new borrowing more expensive.
By Adam Hanieh
Financial claims on the world economy
