Things feel pretty damn dystopian right now. Oh, capitalism has almost always seemed to have this edge of injustice and greed, but these days things are reaching nightmare levels of aaaaAAAA and No, my God, please, no! Inflation is rising its ugly head and many workers feel like their walletsRead More →

Capitalism creates inequalities. Nature creates inequality. Different socio-economic systems reward different natural inequalities – intelligence, physical health, strength and beauty – with the incentives they create. Capitalism rewards the “bourgeois values” whose left makes fun of: economy, honesty, perseverance, hard work, prudence, tolerance and civility. Socialism rewards cruelty. Material inequalityRead More →

Several political commentators have recently speculated that neoliberalism is dead. It’s not. This arguably soulless economic philosophy is evident in the new US Supreme Court ruling that has disarmed the federal government’s best weapon against global climate change. The court ruled that without specific direction from Congress, the Environmental ProtectionRead More →

By Nikos Mottas. “The least we owe Ukraine is full support, and to do that we need a stronger NATO. […] Today, one cannot be on the left if one does not stand unequivocally behind Ukraine” (The Guardian, June 21, 2022). Who is the author of the above words? IsRead More →

Placeholder while loading article actions You might expect to find skeptics of capitalism in sociology or anthropology departments – and let’s be honest, capitalism doesn’t have as many fans lately. But you would think that the basis of our great American economic system could at least count on the approvalRead More →

By Richard Katz* For six long months, the Kishida administration, aided by outside advisers from universities and start-ups, has struggled to translate Prime Minister Fumio Kishida’s mantra of a “new form of capitalism” into concrete policies. The final product rather hollow than the Cabinet approved June 7, 2022 must haveRead More →

Gustavo Petro, candidate of the pseudo-left coalition Pacto Histórico (Historical Pact), was elected president of Colombia last Sunday. With 50.44% of the vote, he beat the fascist candidate Rodolfo Hernandéz, nicknamed the “Colombian Trump”, who obtained 47.04%. The result was heralded as the first victory for a “left-wing government” inRead More →

The blame game on soaring prices is on. Was it too much central bank money pumped in for too long that caused inflation to take off? Was it China, where most physical production had moved before the pandemic locked down the country and disrupted global supply chains? Was it Russia,Read More →

Beginning in the 19th and 20th centuries, during the era of the reconstruction of the United States that followed the American Civil War, an important debate emerged in this country. It was the time after the official abolition of slavery – after Union troops arrived in Galveston, Texas on JuneRead More →

Roger Olson, Emeritus Professor of Christian Theology at Baylor University, recently published an essay titled “Why I’m a Socialist: Because I’m a Christian.” He added, “I think laissez-faire capitalism, especially its social Darwinist variety, is contrary to the spirit, the ethos, of Jesus Christ, which is compassion for the weak,Read More →

It’s counter-intuitive, but companies worry too much about money. They remind me of a creature that only wants to inhale and never exhale, which is anathema to the Yin-Yang of Nature. They must learn to breathe normally, which is a process of give and take. It’s normal to “lose money”Read More →

Five years after the disastrous Grenfell fire, justice still seems a long way off for the victims of this tragedy and their families. Far from doing justice, the ongoing investigation sheds light on the litany of failures of those responsible for this disaster and their motivations. Whether it’sRead More →

By Margaret Kimberly The following article was published on Black Agenda Report on May 29. The shortage of infant formula is not a problem in the system. It actually illustrates all that is wrong when the profit motive reigns. Capitalism cannot ensure a food supply or anything else that humansRead More →

Senate Majority Leader Chuck Schumer promised Sen. Amy Klobuchar that his “Online Innovation and Choice Act” would soon get a floor vote. If passed, it will subject American businesses to a degree of centralized control that will amount to socialism. There is no mystery as to why progressive Democrats areRead More →

Award: Why I hate capitalism and you should too: the opposite is not the socialism they scare you with. June 02, 2022 1:00 p.m. PDT by Egberto Willies, 6 7 Please login or register to continue. An incident with the hitch of my car and a mechanic was the lastRead More →

Capitalism is dead in Australia. Long live capitalism. The economic system that made the West rich has been defeated – by itself. It was the election of new awakened capital vs old lazy capital which saw the new kids win while the old ones slept. Having recently watched the GreensRead More →

Fox cartoon “The simpsons” just wrapped up season 33 on May 22 with a heartbreaking attack on capitalism and how the middle class has been torn apart. It featured a singing janitor played by actor Hugh Jackman and a professorial cameo by socialist Robert Reich, who was onceRead More →

The era of modern American business is defined by CEOs celebrated for their wild growth, wild personalities, and wild wealth. Why is it important: Leading my second company as CEO, I am increasingly convinced that this model of fame, growth at all costs and growth at all costs will notRead More →

No one has appreciated the power of capitalism better than its greatest antagonist, Karl Marx. Born of the Enlightenment, embodied by the Industrial Revolution, capitalism, according to Marx, “has accomplished marvels far beyond the Egyptian pyramids, Roman aqueducts and Gothic cathedrals. . . achieve more massive and colossal productive forcesRead More →

“When you work here, you join a family.” These are the words that were spoken to me during my integration day for a job in a paper mill, at the age of 19. Many will have heard similar statements at some point in their journey into gainful employment. This livelyRead More →

By Bhabani Shankar Nayak* A very well-meaning comrade called me a multi-versal Marxist with a savage smile full of English irony while presiding over my book publishing function at the Marx Memorial Library, London. I dedicate this piece to him…There is no other philosopher who is more abused and misunderstoodRead More →

Every once in a while, an old claim goes viral: capitalism is ruining the planet. The argument is that capitalism needs economic growth to sustain itself. And economic growth requires more production, which means more carbon emissions and pollution. Therefore, capitalism is bad for the environment. A recent viral tweetRead More →

DR Ferdinand “Bongbong” Marcos Jr can be expected to continue his father’s original labor export policy. What he says goes against all of the state’s presumed commitments. It is an obligation, a democratic and constitutional duty of the state, to provide meaningful and humane jobs in the Philippines. Workers mustRead More →

On Sunday May 1, after being kicked out of the English Football League three years previously, Bury FC were taken out of administration in a fan-led takeover. This will see the club’s majority stake transferred to the Bury Football Club Supporters’ Society – no doubt a huge relief forRead More →

The United States faces a growing national shortage of infant formula. At the start of 2021, the national infant formula stock-out rate fluctuated between 2% and 8%. The stock-out rate began to increase in July, eventually reaching 31%. And then, in the last three weeks of April, the rate suddenlyRead More →

Socialist Register 2022New polarizations and old contradictions:The crisis of centrismEdited by Greg Albo and Colin Leys320 pages; 978-1-58367-937-1; $29 paper Reviewed by Seth Sandronsky Socialist Register 2022 provides a thought-provoking analysis of the factors and forces driving multiple polarizations in our world. They include nation and race identities, social classRead More →

Demonstration: “people not profits” Getty In the 1970s, a small group of activists and their allies came together and embarked on an unlikely quest to redefine what is good for society and enact discriminatory public policy to help themselves. Now, in 2022, their supporters are celebrating not only victory, butRead More →

If Karl Marx and Friedrich Engels were somehow transported to the present day and given a newspaper, the apparent absence of class conflict would probably make revolutionaries believe they had won. They would see a society divided on all sorts of issues – from identity politics to the right COVID-19Read More →

This is the report given by Nick Beams at the May Day 2022 online rally held on May Day. Beans is a longtime leader of the International Committee of the Fourth International and an expert on Marxist economics. To see all the speeches, visit wsws.org/mayday. Nick Beams, leading member ofRead More →

The strategy adopted by central governments to manage the economic downturn of COVID-19 was simple: bail out the entire capitalist class. Governments in the industrialized world, including that of the United States, have spent billions of dollars providing subsidies to owners, multinational corporations and financiers throughout the pandemic. Although vaccinesRead More →

Russia’s war on Ukraine both reflects and deepens a global split that should remind us of Karl Marx’s famous remark: “No social order ever disappears until all productive forces, for which there is place, have been developed; and new higher relations of production never appear until the material conditions ofRead More →