The severe economic crisis has dominated newspaper headlines – day after day for at least the past six months – like no other story in recent history. The massive layoffs, losses and bankruptcies have grown as familiar as the daily death-count in Iraq and Afghanistan. The ranks of the unemployed are overflowing and no...
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Crisis
Capitalism in Crisis: Reforms, Collapse — Or a Socialist Revolution?
Is capitalism crumbling?
Stephen Muchiri, head of the Eastern Africa Farmers Federation, stated recently that: “The amount of money used for the bailouts in the U.S. and Europe — people here are saying that money is enough to feed the poor in Africa for the next three years.” This estimate seems to be rather conservative as, according...
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Marx or Keynes again
It is not just Marx whose ideas are now been looked at again. So are those of Keynes. While the German Finance Minister, Peer Steinbrück, of the Social Democratic Party, has said that “certain parts of Marx’s thinking are really not so bad” (Times, 20 October) his British counterpart, Labourite Alistair Darling said (typically)...
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