The National Executive Committee of the Communist Party of Ireland at its meeting on 1 September discussed the difficult economic conditions and the hardship being imposed by the ruling class as they attempt to make…
Tagged By Capitalism
The Mortgage Holders Platform: Resisting the Financialization of Housing
The Provisional University, an activist research and autonomous education project based in Dublin is posting a series of articles on the Mortgage Holders Platform (Platforma de Afectados por la Hipoteca, or PAH), a Spanish movement…
What Money Can’t Buy
Book Review: Michael Sandel, What Money Can’t Buy, the Moral Limits of Markets (Allen Lane 2012) Michael Sandel’s book powerfully articulates what the majority of people across the globe know is happening: markets and finance…
Britain’s Second Empire
Recently Conor published a piece on the Irish shadow banking system and we regularly discuss it here in relation to its role in the Irish economy. So when I read New Left Project’s interview with Ronen…
Book Review: Revolution, Democracy, Socialism. Selected Writings of V.I. Lenin
Book Review: Revolution, Democracy, Socialism. Selected Writings of V.I. Lenin (Pluto Press, 2008) Hailed as essential reading for activists in the Occupy Movement, Lenin’s Revolution, Democracy, Socialism (Pluto Press, 2008), expounds upon the necessity of…
It is now official: The Eurozone’s monetary transmission system is broken
Very important blog post here from Yanis, so I thought I’d re-post it. Under normal conditions, the interest rates that you and I must pay on a home loan, a car loan, our credit card,…
What’s in a Number? | Donald MacKenzie on the Importance of Libor | LRB
What’s in a Number? | Donald MacKenzie on the Importance of Libor | LRB Donald MacKenzie’s 2008 London Review of Books essay on Libor provides some fascinating detail on the setting of the rate and…
English Translation of Metropolitan Observatory’s Crisis and Revolution in Europe Now Available for Free Download
“‘This crisis is a scam’ and ‘We won’t pay for the crisis’ are cries heard across the squares of Europe today. They are shouted by the Greek indignados, in the Spanish squares of the 15M…
Choonara, McNally and the US rate of profit | Michael Roberts
Choonara, McNally and the US rate of profit | Michael Roberts As readers of my blog will know, ad nauseum… Oh go on then, say it again, once more with feeling…. I think there has been a…
Son of Capitalism
Son of Capitalism I am. My first name: Crisis. I’ve made of every taxi driver, every hairstylist an economist; they know now not to buy Italian, sovereign debt. Fifty five months ago this morning, the…
Understanding the Crisis
This article is a response to the review by NC of The Failure of Capitalist Production by Andrew Kliman in the January issue of Socialist Voice. It was originally published in the April issue of the Socialist…
Terry Eagleton and Kieran Allen Discuss the Return of Marx
Terry Eagleton and Kieran Allen discuss ‘The Return of Marx’ from Paula Geraghty on Vimeo. Terry Eagleton, author of Why Marx was Right and Kieran Allen, author of Marx and the Alternative to Capitalism discuss…
Davos dilemma | Michael Roberts
Davos dilemma | Michael Roberts The majority of those at Davos think that Capitalism isn’t working, but don’t feel there is a need to change anything because its working rather well for them. It’s up…
Representation Without Taxation: Fortune 500 Companies that Spend Big on Lobbying and Avoid Taxes
Representation Without Taxation: Fortune 500 Companies that Spend Big on Lobbying and Avoid Taxes A new report identifies thirty Fortune 500 corporations that pay less in federal income taxes than they spend on federal lobbying….

