November 1, 2025
In a follow-up to their May 2024 article about the IMF'S vise-grip on Argentina's economy, David Barkin and Juan E. Santarcàngelo examine how recent events continue to shape the efforts of the global and domestic ruling classes to dominate Argentine society through debt, currency scams, and political malfeasance. Underlying all of this, they note, is the continued encroachment of the IMF on Argentina's sovereignty, aided and abetted by the far-right president Javier Milei.
October 1, 2024
Minqi Li and Lingyi Wei look to the Chinese and U.S. economies to illustrate the contradictions of secular stagnation, concluding that both economies will likely face great challenges in the decades to come. However, they write, progressive economic policies could change China's future, encouraging massive investment into the state sector and bringing about the transition to a fully socialist society.
July 1, 2023
Kent Klitgaard surveys degrowth thought, starting with the essential contradiction of capitalism presented by Marx, which gives rise to our current planetary crisis. Through an understanding this contradiction and degrowth literature spanning twentieth century, the author presents a plan for a sustainable and planned future socialist society.
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March 1, 2023
In this reprise from October 1993, Henry Magdoff and Paul Sweezy ask: "Isn't there anyone around here who understands how this capitalist system works?"
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December 1, 2022
The crypto winter, Ramaa Vasudevan writes, is here. Cryptocurrency, far from being a democratizing force in finance, has led to only further concentrations of wealth and power and increased precarity within the financial sector. The recent fall of Sam Bankman-Fried is only the beginning.
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March 1, 2022
The Great Depression is almost one century old. Today in the United States we remember this international economic collapse, and the suffering it engendered, by reading novels and essays about it, watching plays, viewing paintings—often forgetting that the U.S. government of that time encouraged and financially supported much of this art. Not only art: the Depression was one of the few times that the federal government ever stepped in to help ordinary people get on their feet.
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January 1, 2022
Notwithstanding an ongoing commitment to redouble its efforts, Cuban socialism has not taken full advantage of its own human and material resources to develop its productive forces. It is necessary to distinguish between our right and duty to struggle against the blockade and our expectations regarding what one can and cannot hope for if it is lifted.
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September 1, 2021
In 2004, Washington launched a whole new strategy of financial war, based on the role of the U.S. dollar as the hegemonic foreign-exchange currency, to cut off the economic circulation of targeted states. The United States has created, as part of its "rules-based international order," a coercive global framework extending U.S. financial jurisdiction to every country, economic entity, and person engaged at any point in U.S. dollar transactions anywhere in the world.
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January 1, 2021
Although the current crisis of production associated with the COVID-19 pandemic has sharpened disparities, the overall problem is much longer and more deep-seated, a manifestation of the inner contradictions of monopoly-finance capital. Comprehending the basic parameters of today's financialized capitalist system is the key to understanding the contemporary contagion of capital, a corrupting and corrosive cash nexus that is spreading to all corners of the U.S. economy, the globe, and every aspect of human existence.
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December 1, 2020
European left parties have, over the last couple of decades, become increasingly critical of political developments in the European Union, particularly as a response to the austerity policies that followed the financial crisis of 2007–08 and the subsequent euro crisis. These were accompanied by high and sustained unemployment and promises of a social pillar that never materialized. Nevertheless, even if criticism of the European Union has sharpened, this has not been well reflected in the political strategies of the left.
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