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Capitalism

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The Telecom Industry in India: Free Market or Monopoly-Finance Capital?

The success of the telecommunications industry in India has been heralded as a “miracle.” But a miracle for whom? The answer, Rahul Varman writes, has clearly been the capitalist class, who, over three decades, have amassed tremendous wealth and power through the machinations of large firms, in collusion with the Indian government. | more…

Crypto Winter

Crypto Convulsions, Digital Delusions, and the Inexorable Logic of Finance Capitalism

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. | more…

Indonesian sulfur miner carrying their 90-kg-load of sulfur from the floor of the volcano to crater rim

Mining Capital and the Indonesian State

Arianto Sangadji traces the relationship between the state and mining capital in Indonesia throughout the historical capitalist development of the country from Dutch colonialism to the contemporary practices of multinational mining corporations. While these powerful firms have generated significant profits, they are also associated with dispossession, environmental degradation, and ruthless labor exploitation, spurring resistance from the local populations. | more…

Smokestacks in Garneau, Edmonton, Alberta

Anthropocene, Capitalocene, and Other “-Cenes”: Why a Correct Understanding of Marx’s Theory of Value Is Necessary to Leave the Planetary Crisis

The perception that we are living in a critical historical period regarding the conditions of habitability on Earth—not only for humans but for many other living organisms too—is gaining more and more adepts among common people, academics, politicians, and social movements. This critical period has been typified as the planetary crisis of the Anthropocene Epoch and studies undertaken in the present century show that habitability on Earth is progressively deteriorating. | more…

Photograph of journal bindings in an anthropology library, showing the transition where Eugenics Quarterly was renamed to Social Biology in 1969

Intelligence Under Racial Capitalism: From Eugenics to Standardized Testing and Online Learning

From the era of overt eugenic research to the present-day education system, the attempts to categorize and rank individuals’ “intelligence” through testing and statistics reflects and reinforces the power of racist, capitalist, and imperialist institutions. | more…

Capitalism in the Anthropocene: Ecological Ruin or Ecological Revolution

Capitalism in the Anthropocene: Ecological Ruin or Ecological Revolution

Over the last 11,700 years, during which human civilization developed, the earth has existed within what geologists refer to as the Holocene Epoch. Now science is telling us that the Holocene Epoch in the geological time scale ended, replaced by a new more dangerous Anthropocene Epoch, which began around 1950. The onset of the Anthropocene Epoch is characterized by an “anthropogenic rift” in the biological cycles of the Earth System, marking a changed reality in which human activities are now the main geological force impacting the earth as a whole, generating at the same time an existential crisis for the world’s population. | more…

Climate Justice

Socialism and Ecological Survival: An Introduction

Time is running out for humanity to avoid a catastrophic planetary tipping point. Widespread mass mobilizations of populations worldwide must fight to bring about revolutionary societal changes and dismantle neoliberal monopoly capitalism, with its reliance on extractive exploitation of our planet’s resources and communities. | more…

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