The chaos of monopoly capitalism can only be solved by bringing the giant monopolies under workers’ control and ownership—not through greater regulation or by “breaking them up.”
Economics
BROWSE ARTICLES BY CATEGORY:
NFTs and SPACs: the Insanity of Casino Capitalism
In the midst of the pandemic, speculative investments continue. The latest celebrity-driven fads, NFTs and SPACs, are among the most insane expressions of this.
Will There Be a Boom?
The capitalists are eager for the COVID-19 crisis to come to an end, and many anticipate a rapid economic bounceback. But the new normal will be one of crisis, chaos, and class struggle.
Workers’ Control and Nationalization
What would workers’ control of industry look like, and why is nationalization and democratic central planning of the key levers of the economy so important?
Marxism, Keynesianism, and the Crisis of Capitalism
Governments everywhere are pumping money into the world economy to keep it on life support. Followers of Keynesian ideas—of government stimulus and demand-side management—feel vindicated. But only Marxism offers a solution.
What Will Socialism Look Like?
For many, it is clear what we are fighting against, but it can be harder to picture what we are fighting for. In concrete terms, how might a new society work? In what way would our individual lives be affected? What will socialism look like?
Trump, China, and the Coming Crisis
The social costs of the next recession will be borne first by the working class. No level of sustained economic growth under capitalism will reverse the exploitation of workers that drives that growth.
Marxism vs Modern Monetary Theory
MMT has created a buzz on the left recently. Instead of trendy new ideas, however, we need the clear scientific analysis of capitalism that Marxism provides.
What is Money? Part Five: The Future of Money
How do we break the spell of the so-called “root of all evil” and free ourselves from these “chains of gold”?
What is Money? Part Four: Inflation and the Gold Standard
Adam Booth examines the factors lying behind inflation and explores the role of gold as the basis for an international monetary system.
What is Money? Part Three: The Rise of the Bankers
Adam Booth looks at the growth of finance, the development of banking, and the role of credit within capitalism.
What is Money? Part Two: Value and Social Relations
In the second part of his series looking at the role of money within capitalist society, Adam Booth explores the questions of value, alienation, and profit.
The Communist: Voice of America’s Communist Generation
The Communist is the official newspaper of the party of the Revolutionary Communists of America. It is different from any other publication you’ll find in the US today. Behind this newspaper, there’s a vast network of communist activity from coast to coast. It is a tool for organizing in the streets, at protests and strikes, for building communist cells in our neighborhoods, workplaces, and campuses.
The RCA is on a mission to carry Bolshevism into the political arena of a country that’s ripe for it. Yes, we’re Bolsheviks living in the digital age, and we also use social media and our podcast to spread the communist program. But we’re not the kind of internet leftists who stay inside and “do politics” online. That’s why we need something we can carry with us into the streets and put into people’s hands. The physical paper is an instrument for building a real-life organization—a genuine Communist Party of fighters.