The EU, Nato and Russia: a war long foretold
In his annual Marx graveside oration, Rob Griffiths says Western state-monopoly capitalism and imperialism have worked diligently to encircle Russia, but understanding that does not justify Putin’s attack: we must strive for peace
Fictitious capital, inflation, and deficits: the political economy of our times
Grant MacDonald writes on Marx’s theory of fictitious capital and how finance has altered the global economy
Marx’s call to action
Grant MacDonald analyses Marx’s writings on the unity and struggle of opposites
Unequal Exchange
Theories of unequal exchange argue that trade between poor and rich countries involve the transfer of value from the former to the latter, as more labour is traded for less labour.
