Business As Usual: The Economic Crisis And The Failure Of Capitalism by Paul Mattick. Reacktion Books: 2011. Just yesterday, we were all supposed to believe that the globalisation of capitalism and free markets was the route to freedom, peace and prosperity for all. Then, with barely an explanation, and somewhat out of the blue, the story changed. Now we are to believe that, due to circumstances beyond anyone’s control,...
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It’s exploitation that causes workers’ problems. On an ultra-simplistic level we could say that capitalism in the persona of capitalists uses capital (in its basic form, money) to make a profit. By utilising capital in the form of property, equipment, machinery, investment or speculation the capitalist needs to employ members of the working class in order to increase the original capital for the benefit of the capitalist. This can...
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This was article written by Adam Buick for the journal Radical Philosophy 10. Spring 1975 . JOSEPH DIETZGEN is indeed a neglected philosopher. How many people know that he was the man Marx introduced to the 1872 Congress of the First International as ‘our philosopher’? Or that it was Dietzgen, not Plekhanov, who first coined the phrase ‘dialectical materialism’? Or that for the first thirty or so years of...
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The Guardian makes an interesting comment upon the the head of the IMF’s alleged rape of his hotel’s chamber maid, ”…it is likely that Strauss-Kahn’s alleged victim might not have felt confident enough to pursue the issue with either her supervisors or law enforcement agencies, if she had not been protected by a union contract.” The housekeepers at the Sofitel are members of the New York Hotel Workers’ Union. There is job...
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Like hunger and homelessness, the global trade in luxury goods is booming. Turnover fell from $254 billion in 2007 to $228 billion in 2009 – a decline that observers attributed to “luxury shame”. Rich people could still afford all the luxuries they wanted, but apparently they felt a trifle uneasy about flaunting their wealth at a time of crisis. They soon got over their unease. Sales recovered to $257...
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A large majority of Americans – 87 percent, according to one poll – approve of the killing of Bin Laden. Many were visibly overcome by joy when they heard the news, and the subsequent warning by CIA director Leon Panetta that the operation would actually increase the terrorist threat to the US only slightly damped their spirits. Within a few days of the operation, video games were on the...
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Introduction In recent years the environment has become a major political issue. And rightly so, because a serious environmental crisis really does exist. The air we breathe, the water we drink, the food we eat have all become contaminated to a greater or lesser extent. Ecology – the branch of biology that studies the...
Quite simply, the common ownership of the world’s resources and productive capacity is the basis for a reorganisation of society that would ensure plenty of the necessities of life for everyone on the planet – no more starving, malnourished people, no wandering homeless, no senseless deaths for the want of easily affordable medical care...
Marx’s Conception of Socialism Marx usually referred to the society he aimed to see established by the working class as “communist society”. Precisely because he believed that “communist society” would be the outcome of the struggle and movement of the working class against its capitalist conditions of existence, Marx always refused to give any...
