economics

The biggest ‘october surprise’ of all: a world capitalist crash - Loren Goldner

Ed — Sun, 02 Nov 2008 21:44:13 +0000

Loren Goldner
October 2008

“There will be periods of 30 years which will pass with the seeming importance of a single day, and single days with the importance of 30 years.” (old Marxist maxim)

Inflation, rising prices and the 2% pay ceiling

Joseph K. — Sat, 11 Oct 2008 09:43:10 +0000

If the government were to announce that it was cutting the wages of all workers - public and private sector - there would presumably be uproar. And yet this is exactly what they have done by calling for ‘pay restraint’ and insisting all wage rises are capped at 2%. Make no mistake, a sub-inflation pay ‘rise’ is a pay cut. No amount of statistical trickery changes this simple fact.

UK: One in four will live in fuel poverty

Rob Ray — Fri, 18 Jul 2008 09:21:44 +0000

Around 4.5 million households are currently living in fuel poverty, equating to around 10.4 million people according to the government’s 2002 figures from the Household Survey, but another 1.6 million homes are likely to be added as prices continue to rise.

The permanent crisis: Henryk Grossman’s interpretation of Marx’s theory of capitalist accumulation - Paul Mattick

berrot — Mon, 24 Mar 2008 19:34:57 +0000

Introduction

Modern capitalism and revolution - Paul Cardan

captain soap — Thu, 28 Feb 2008 07:47:45 +0000

About the text

Burma: International power play?

Rob Ray — Mon, 05 Nov 2007 22:39:42 +0000

In the aftermath of the Burmese protests, in which hundreds of thousands of people took to the streets alongside Buddhist monks, there has been mounting international pressure on China and India to pull back their substantial economic support to the country.

Private Equity: a vicious new breed?

Freedom — Wed, 16 May 2007 08:23:27 +0000

In scenes reminiscent of the 80s pre-stock market crisis, a major row has blown up over the attempted Private Equity takeovers of high-street giants Sainsbury’s and Boots.

A prole's guide to the recession: economics with the truth - Wildcat (UK)

Ret Marut — Sat, 28 Apr 2007 00:15:48 +0000

A redefining of some economic terms.

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A PROLE'S GUIDE TO THE RECESSION

- Economics With The Truth

Going east: Direct investments in Eastern Europe

Steven. — Fri, 24 Nov 2006 12:07:36 +0000

“Then I will leave and go to the east!”
What some decades ago might have been a defiant outcry of desillusioned lefty teachers, under the threat of dismissal due to their CP membership, is now taken up again and realised by the ‘class enemy’.

Foreign investments in the Czech Republic: Boom or fall? 2004

Steven. — Fri, 24 Nov 2006 12:04:35 +0000

Transformation towards private capitalism, which started after 1989, was at the beginning mainly affected by the struggle inside the old-new ruling class for the actual character of this change. Already in 1990 the Czech faction of bourgeoisie led by Vaclav Klaus, who was minister of finance and who later became the prime minister and who is now the present president, got the strongest position.