Karl Marx’s Revenge: Class Struggle Grows Around the World | TIME.com

Karl Marx’s Revenge: Class Struggle Grows Around the World | TIME.com. Karl Marx was supposed to be dead and buried. With the collapse of the Soviet Union and China’s Great Leap Forward into capitalism, communism faded into the quaint backdrop of James Bond movies or the deviant mantra of Kim Jong Un. The class conflict … More Karl Marx’s Revenge: Class Struggle Grows Around the World | TIME.com

Competition and the Commercial Spirit

I came across this gem while reading Hayek’s discussion of private monopoly and competition in Law, Legislation and Liberty. Hayek is discussing the relationship between competition and economic rationality, disputing those who argue that economic rationality or the ‘commercial spirit’ needs to exist for competition to work. In contrast, Hayek argues that the relationship works … More Competition and the Commercial Spirit

Social Democracy, the Radical Left and the spectre of populism

Originally posted on Greek Left Review:
originally posted at Chronos Mag Political scientist Giorgos Katsambekis talks with distinguished professor at UCL, Philippe Marlière, who specializes in European and French politics   Giorgos Katsambekis: You have devoted a large part of your research and writing to the European Social Democracy. How would you assess today the role of Social…

Orthodox economists have failed their own market test | Seumas Milne | Comment is free | The Guardian

Orthodox economists have failed their own market test | Seumas Milne | Comment is free | The Guardian. From any rational point of view, orthodox economics is in serious trouble. Its champions not only failed to foresee the greatest crash for 80 years, but insisted such crises were a thing of the past. More than … More Orthodox economists have failed their own market test | Seumas Milne | Comment is free | The Guardian

Academics back students in protests against economics teaching | Education | The Guardian

Academics back students in protests against economics teaching | Education | The Guardian. A prominent group of academic economists have backed student protests against neo-classical economics teaching, increasing the pressure on top universities to reform courses that critics argue are dominated by free market theories that ignore the impact of financial crises.

Ponzi Austerity: A Definition And An Example – Social Europe Journal

Ponzi Austerity: A Definition And An Example – Social Europe Journal. For a while now I have been arguing that Europe’s policies for reducing the public debts of fiscally stressed member-states can be described as a Ponzi austerity scheme. In this post I attempt precisely to define ‘Ponzi austerity’. Ponzi growth Standard Ponzi schemes are … More Ponzi Austerity: A Definition And An Example – Social Europe Journal

Crash! A brief history of modern global capitalism – audio slideshow | Comment is free | theguardian.com

Crash! A brief history of modern global capitalism – audio slideshow | Comment is free | theguardian.com. An amazing slideshow of a century of capitalist development and economic crisis narrated by one of my former professors, Leo Panitch, author of The Making of Global Capitalism.

Debt and Deficit as Shock Therapy » CounterPunch: Tells the Facts, Names the Names

Debt and Deficit as Shock Therapy » CounterPunch: Tells the Facts, Names the Names. When Naomi Klein published her ground-breaking book The Shock Doctrine (2007), which compellingly demonstrated how neoliberal policy makers take advantage of overwhelming crisis times to privatize public property and carry out austerity programs, most economists and media pundits scoffed at her arguments as … More Debt and Deficit as Shock Therapy » CounterPunch: Tells the Facts, Names the Names

Belgium: Class Trade Unionism Seeks Political Expression | The Bullet No. 893

Belgium: Class Trade Unionism Seeks Political Expression | The Bullet No. 893. In the social and political history of Belgium, May 1, 2012, could mark a milestone. On that day the leaders of the Charleroi regional branch of the socialist trade union General Federation of Belgian Labour (Fédération Générale du Travail de Belgique/Algemeen Belgisch Vakverbond, … More Belgium: Class Trade Unionism Seeks Political Expression | The Bullet No. 893