Articles tagged “Economy”

Struggles against unsafe conditions and the pressure of global energy markets remind us of new directions inspired by class struggles in the mine fields.

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There are “two worlds” in each country, the “rulers” and the “ruled” or to put it more concretely, between workers and non-workers. Never, in my lifetime, has the divide between workers and non-workers in the U.S. been as vast as it is during the current economic crisis. The working class is bearing the brunt of the crisis, yet how much of their actual voice are we hearing in the political debate about the economy?

“Far from expressing a sequence of never-ending progression, the Hegelian dialectic lets retrogression appear as translucent as progression and indeed makes it very nearly inevitable if one ever tries to escape regression by mere faith.”—Raya Dunayevskaya (1)

It may seem ironic that a moment so typified by the crisis of capital calls for a serious critique of the crisis on the Left; however, in the present moment it has become impossible to take on the crisis of existing society without facing the limitations found in prevailing leftist responses to it.

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My main argument is that blaming “greedy capitalists” for the present crisis is completely misguided, misleading, and counterproductive… And we will continue to deflect attention from the inhumanity of capital itself so long as focus on such epiphenomenonal factors as greedy capitalists instead of the structural contradictions of the global capitalist system.

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A look at labor struggles in auto and other industries in light of the deepening economic crisis, especially the housing bubble — Editors

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Hurricane Katrina did far more than wreak an enormous amount of human, material, and environmental devastation to New Orleans and the Gulf Coast. The giant storm violently lifted the curtain that obscures the racial and class divides that constitute American civilization and made plain for the world to see that anti-Black racism continues to shape the reality for millions.

China’s rapid economic development rests upon the expropriation of rural workers. Worker and peasant resistance is analyzed. At the same time, an international conference on Rosa Luxemburg in Guangzhou emphasized her concept of socialist democracy — Editors

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The new form of imperialism eschews direct territorial control and is driven by the tendential decline in the rate of profit.  More than oil, current US imperialism’s militarization creates an image of power that attracts needed foreign capital, but this is a shaky foundation — Editors

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Is it possible to ameliorate the debilitating impact of globalization by forcing capital to become democratically accountable? Should we instead be aiming for the ABOLITION of capital? And if we favor the latter, how are we to project this concretely?

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