Global capitalism is currently in the grip of the most severe economic contraction since the Great Depression of the 1930s. The ultimate depth and duration of the downturn remain to be seen, but there are many indicators that point to a lengthy period of massive unemployment in the imperialist camp...
Capitalism & Climate Change
Over sixty years ago, in November 1959, the American Petroleum Institute co-sponsored a symposium at Columbia University in New York City to commemorate the U.S. oil industry’s centennial year. Among the guest speakers was renowned physicist Edward Teller, who warned the audience of scientists, government officials and industry representatives that...
Introduction to Marxist Economics
[su_youtube url="https://www.youtube.com/watch?v=iiMtB6llgPk" title="Video by Louis DeCaro, a John Brown Society friend"] The expression “Marxist economics” is something of a misnomer. Karl Marx’s critique of the “political economic” theory of his day revealed the fundamentally social character of “the economy”: production, exchange, prices, wages, etc. Marxist economics is not some radical cousin to...