Category Archives: Economics

“HOW DARE YOU!”

A tribute to the Greta Thunberg generation. “How dare you!” These are the words that rang out from the voice of 16 year old Greta Thunberg at the recent (September 2019) Youth Climate Summit. Her words were being hurled at … Continue reading

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BEGINNERS GUIDE – 4.

On Finance-Capital. In beginners guide 3 (On Capitalism) the source of the profit on productive capital was traced to the surplus-labour performed by working people during an unpaid part of each working day. This unpaid surplus-labour yields a monetary value … Continue reading

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BEGINNERS GUIDE – 3.

On Capitalism. The mode of production now dominating global economic activity is known as capitalism. This particular mode began to dominate societies when the main means of production passed from the owners of large tracts of land (feudal aristocrats) to … Continue reading

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CAPITALISM AND DEMOCRACY.

[Democracy: “…a situation in which everyone is treated equally”. A process: .”..relating to or… available to the broad masses of the people.” Websters Dictionary] Democracy under Capitalism. Much play is made by the political class (and many other pro-capitalists) concerning … Continue reading

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HAPPY BIRTHDAY DEAR KARL!

This month, two hundred years ago, (actually on 5 May 1818), Karl Marx was born. And as is usual on any date connected with Marx, a spate of articles by so-called ‘experts’ appeared in periodicals and papers assessing Marx’s contribution … Continue reading

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TECHNO-BABBLE

  Perhaps this article should have been entitled Robo-Bo – – ocks as it has been inspired by a recent spate of articles and TV programs promising a bright fantasy future for mankind from the application of intelligent, robot technology. … Continue reading

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LEFT VIOLENCE.

Recent events at Charlottesvile and UC Berkley in the USA have been accompanied by scenes of communal violence. This was violence orchestrated by right-wing and left-wing political currents primarily against each other. More specifically, members and supporters of alternative right … Continue reading

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