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Political Economy

Thousands of shipping containers at the terminal at Port Elizabeth, New Jersey (2004)

Limits to Supply Chain Resilience: A Monopoly Capital Critique

Capital, Ben Selwyn writes, has been advancing its interests under the guise of protecting “global supply chain resilience.” While those promoting the resilience agenda assert that these supply chains represent a net benefit, evidence suggests that they increase the transfer of surplus value from the Global North and, especially, in the. South. | more…

How the Workers’ Parliaments Saved the Cuban Revolution: Reviving Socialism after the Collapse of the Soviet Union

How the Workers’ Parliaments Saved the Cuban Revolution brings us to the heart of one of the most precarious and transformational moments in Cuba’s evolution. As the Soviet Union fell to pieces in the 1990s, Cuba managed to evade the fate of its primary trading ally. How was this possible, especially as Cuba endured relentless attacks from the capitalist behemoth directly to its north? | 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…

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