News

Does money make the world go round?

In the past few weeks discussion of the obscure economic school is Modern Monetory Theory has gone viral

Labour rows expose electoralism’s limits

The formation of The Independent Group (TIG) by breakaway Labour and Tory MPs is a sign of the extent to which the two-party system is buckling under the pressures of Brexit.

Antisemitism is a far right ideology

Antisemitic conspiracy theories have nothing to do with the politics of Jeremy Corbyn, with his history of anti-racist and anti-imperialist campaigning, let alone that of the Marxist left

Centre group is formed on shrinking ground

Finally, all the rumours of a new centre party have given birth to—a mouse

Colin Barker - a Marxist committed to socialism from below

Colin Barker, following Erik Olin Wright and Jeremy Hardy, is the latest outstanding socialist whom we have lost these past few days.

Banks propped up by states a decade on

The 2007-8 financial crash continues to overshadow the world economy. The big economic news last week was the decision of the US central bank, the Federal Reserve Board (Fed), not to increase interest rates.

Class was the key for Erik Olin Wright

The Marxist sociologist Erik Olin Wright died of leukaemia last week. He was 71 years old.

Jeremy Corbyn can break the impasse over Brexit if he backs free movement

After the crushing House of Commons defeat for her deal with the European Union (EU), Theresa May has been going through the motions of talking to opposition parties.

Struggle can break paralysis on Brexit

A thin ray of light shone through the Brexit tangle last week. Two government defeats in the House of Commons marked the moment when Theresa May definitively lost control of the parliamentary process governing Britain’s departure from the European Union (EU).

Turkey gains from isolationist Donald Trump

Just before Christmas Donald Trump took an important step towards controlling his own administration. By announcing the withdrawal of US troops in Syria he provoked the resignation of his defence secretary Jim Mattis.

Oil is an incentive in the US and Saudi relationship

The recent see-sawing of the oil price has a lot more to do with politics—particularly geopolitical competition among states—than economics

What does global capital want out of a Brexit deal?

Brexit has become, as numerous commentators have pointed out, a historic crisis of the British state

US is trying to slow down China’s rise

Donald Trump has been blundering around Europe again, picking fights as he goes. But the relationship that really matters is between the US and China.

The White House can’t trump socialism

The Trump administration is full of surprises. The White House’s Council of Economic Advisers (CEA) has just published a 72-page report called, “The Opportunity Costs of Socialism.”

Why Fukuyama still doesn’t get history

Francis Fukuyama has published a new book with the remarkably dull title Identity—not that anyone has really noticed. It was very different back in 1992, when The End of History and the Last Man came out.

Clash between Turkey and Saudi Arabia gives Donald Trump a headache

We’ve seen again how hard it has become to manage the Middle East in the interests of Western imperialism. The players this time are the US, Turkey and Saudi Arabia.