Category Archives: Marxism

Michael Robert: Ukraine: the invasion of capital

Last week, Ukraine’s foreign private creditors agreed to the country’s request for a two-year freeze on payments on about $20bn of foreign debt.  This would enable Ukraine to avoid defaulting on its overseas borrowings.  Unlike other ‘emerging economies’ in debt … Les meir

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A global recession hurts capitalism

Energy: the recession trigger? There is confusion among mainstream economists and policy-makers on whether the major economies are heading for a recession, or are already in a recession; or will avoid one altogether.  The majority view, at least in the US, … Les meir

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Building Global Movements for Peace, People & Planet

Arise Festival With Jeremy Corbyn plus international guests Yanis Varoufakis, DIEM 25, Greece // Sevim Dağdelen, Die Linke MP (Left Party), Germany // Gabriel Rodriguez, International Transport Workers» Federation, Argentina // Gyekye Tanoh, Third World Solidarity Network, Ghana //Varsha Gandikota-Nellutla, … Les meir

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The global economic order and recession

The global solution: private or public? Inflation, risk of global recession, growing inequality and rising debt for the global south, global warming, war – I could go on.  These are the fault-lines exhibited in the world economy in 2022.  What is … Les meir

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The fatal survival-kit of man in jeopardy

Climate change and wars As the ugly war in Ukraine drags on, with more lives lost and atrocities (apparently) committed, energy and food prices hit yet more highs.  The Food and Agricultural Organisation (FAO) of the UN publishes a monthly global … Les meir

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The end of dollar dominance?

The end of dollar dominance? Last summer when the US fled Afghanistan, I wrote a post on the history of US dollar dominance  I argued then that the US dollar would remain the dominant world currency for the foreseeable future, but that … Les meir

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The economic war between the US-led NATO group and Russia and the real war in Ukraine – Who is fooling who?

Russia: from sanctions to slump? The economic war between the US-led NATO group and Russia is hotting up alongside the real war in Ukraine itself.  In response to the invasion of Ukraine by Russia, the US and Europe have upped the … Les meir

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The economic stalemate in Ukraine and the war drums

Ukraine: trapped in a war zone As the drums of war sound for Ukraine, what will be the impact on Ukraine’s economy and the living standards of its 44m population, whether war is avoided or not?  I’ve posted on Ukraine several times … Les meir

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What will happen in world capitalism 2022?

Forecast for 2022 At the beginning of each year, I make an attempt to forecast what will happen in the world economy for the year ahead.  The point of making any forecast at all is often ridiculed.  After all, surely … Les meir

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Significant fall in profitability continues in US-capitalism

The US rate of profit in 2020 Once again, it is time to look at what is happening to the rate of profit on capital in the US.  I do this every year and the official US data are now available … Les meir

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