I am certain that, like many people these days, the first thing on your mind is the question of the referendum on reform of the Bolivarian Constitution — what the defeat means and where do we go from here. What I want to talk about today is not on that topic specifically, but it is related. | more…
Fair wages, a fair day’s work! Through their struggles within capitalism, it has often been possible for workers and citizens to secure themselves some share of the benefits of social labor. Capitalist globalization and the offensive of neoliberal state policies, however, have encroached upon all those gains from past struggles; and the answer to those who were surprised to find those victories ephemeral was the mantra of TINA — there is no alternative | more…
Seventeen years ago, in 1990, I began an essay with a poem of Bertolt Brecht. It was a poem about a man in Europe in the Middle Ages who put on “things that looked like wings,” climbed to the roof of a church, and tried to fly. He crashed, and the bishop who passed by said, “No one will ever fly.” | more…
“A good society,” Michael Lebowitz tells us, “is one that permits the full development of human potential.” In this slim, lucid, and insightful book, he argues persuasively that such a society is possible. That capitalism fails his definition of a good society is evident from even a cursory examination of its main features. What comes first in capitalism is not human development but privately accumulated profits by a tiny minority of the population. When there is a conflict between profits and human development, profits take precedence. Just ask the unemployed, those toiling at dead-end jobs, the sick and infirm, the poor, and the imprisoned. | more…
There is an old saying that if you don’t know where you want to go, then any road will take you there. I think that recent years, years of neoliberalism, imperialist outrages, and the virtual destruction of almost every effort to create an alternative, have disproved this saying. Our experience tells us that if you don’t know where you want to go, then no road will take you there | more…
Described by the Wall Street Journal as “the ‘dean’ of radical economics,” Paul Sweezy has more than any other single person kept Marxist economics alive in North America.* One work would be sufficient to have achieved this—The Theory of Capitalist Development (first published in 1942). During the period of the 1950s and 1960s, this was the book to which one turned to learn about Marxist economics | more…
I want to address a very simple question: What keeps capitalism going? or, in the somewhat more technical language of Marxists, How does capitalism as a system reproduce itself? | more…
Economic theory is not neutral, and the results when it is applied owe much to the implicit and explicit assumptions embedded in a particular theory. That such assumptions reflect specific ideologies is most obvious in the case of the neoclassical economics that underlies neoliberal economic policies | more…
Build It Now puts forward a clear and innovative vision of a socialist future, and at the same time shows how concrete steps can be taken to make that vision a reality. It shows how the understanding of capitalism can itself become a political act’a defense of the real needs of human beings against the ongoing advance of capitalist profit. | more…