economy

Phil Hearse reviews William I Robinson’s new book “Epochal Crisis: the Exhaustion of Global Capitalism,” saying if you want to understand what is going on in the world, then read this.

At the level of the global economy, the Iran war appears deeply irrational. It has disrupted trade, raised energy prices and fed inflation. Yet it continues. Dmitry Pozhidaev explains why.

Adam Hanieh discusses how understanding oil’s place in world capitalism is key to grasping geopolitical dynamics, reviving vital climate struggles, and challenging the structural interests underpinning the system.

Marty Hart-Landsberg — Tech billionaires and the Trump administration, with the apparent support of most of the capitalist class, are betting big on artificial intelligence. But this is a losing bet for us.

Sam Gindin — Canadian autoworkers have faced many crises over the years, but the present threat is distinct.

William Jefferies explores the usefulness of long wave theory for understanding the current moment, how globalisation reshaped the world economy, and the coming period of crisis.

Dmitry Pozhidaev — Russia’s war in Ukraine is not simply a geopolitical miscalculation or ideological excess, but a structurally embedded feature of its capitalist accumulation regime.

Dante Espinoza takes a look at the available data on Venezuela’s economy and communes to see how well claims the Maduro government is progressive and anti-imperialist stack up.

Rasti Delizo discusses the ongoing relevancy of Lenin’s theory of imperialism while outlining subsequent developments that need to be factored in.

Au Loong-Yu & An Dexin — Next time someone tells you how brave and resilient China has been in standing up against Trump, remind them of this part of the story.

Dmitry Pozhidaev — Only by addressing structural imbalances and grounding finance in transformative, locally rooted practices, can development finance truly become developmental.

Gillian Hart — Beneath the turmoil of Trump’s tariff blitz lies a battle between technocrats, ultranationalists and anti-imperial populists, all vying to reshape, or destroy, US global power.