News
Where does capitalism come from?
1+ day, 7+ hour ago (627+ words) Silver mining in the Americas in the 18th century saw enormous riches flow to Europe (Pic: Wellcome Library on Wikimedia commons) Capitalism has its own origin story. Back in feudal society, the story goes, there were some labourers who worked hard…...
Alex Callinicos: The unravelling of US dollar dominance
3+ week, 4+ day ago (631+ words) The late Pope Francis repeatedly said that we are experiencing "World War Three but in instalments. Well, the instalments are getting bigger. The United States-Israeli war against Iran is achieving ever wider dimensions. Not only is the military conflict threatening…...
Betting on artificial intelligence could mean going broke
1+ mon, 3+ week ago (718+ words) United States" capitalism is "one big bet on artificial intelligence. So says Ruchir Sharma, head of international business at Rockefeller Capital Management. The big tech companies are investing trillions of dollars in enormous data centres and related AI expenditures over…...
What are the causes of economic crises?
6+ mon, 1+ week ago (709+ words) People queuing outside a Northern Rock branch in the United Kingdom to withdraw their savings during the financial crisis (Picture: Dominic Alves/Wikipedia) Can we take control of the economy and make it serve the people? Many socialists demand a…...
What is capitalism and why does it matter?
9+ mon, 3+ week ago (568+ words) Workers can take down exploitative system (Pic: Mc Strike 2018 by garryknight on Flickr) There is no alternative to capitalism'at least that is certainly what the establishment want us to think. As the theorist Fredric Jameson observed, it's easier to imagine…...