Tag Archives: Capitalism

How do you spell racist? U.S.A. – The origins of racial domination and wage labour in the United States

*Note: Much of the information used in this piece had been aggregated throughout my class with Vivek Chibber, Capitalism and Democracy, on his lectures specifically on racial domination. Karl Marx in 1875 made an apt observation of the way history … Continue reading

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Marx on what characterized the dawn of capitalism

“The discovery of gold and silver in America, the extirpation, enslavement and entombment in mines of the indigenous population of that continent, the beginnings of the conquest and plunder of India, and the conversion of Africa into a preserve for … Continue reading

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Inmates in the St. Claire correctional facility in Alabama to go on strike.

Alabama inmates in the St. Claire correctional facility are striking their free labor (examples: Chemical and Licensing, laundry, and furniture production) due to the prison system resembling something closer to “running a slave empire” in the prisoners words. This disgusting shift within … Continue reading

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Why We’re in a New Gilded Age by Paul Krugman The result has been a revolution in our understanding of long-term trends in inequality. Before this revolution, most discussions of economic disparity more or less ignored the very rich. Some … Continue reading

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Capitalism Hits the Fan: A Lecture by Richard Wolf on the Meltdown

Besides the absurdities of Richard Wolf stating that Apple and Microsoft where Marxist democratic workplaces manned by Republicans and forgetting the significance of the largest debt next to credit card debt, student debt, this video is a pretty solid breakdown … Continue reading

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Marx blogged to death

Originally posted on Michael Roberts Blog:
The New York Times has launched a debate about whether Karl Marx was right after all about capitalism (http://www.nytimes.com/roomfordebate/2014/03/30/was-marx-right). As the NYT put it in its introduction to the contributions of some well-known economic…

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Towards the Precipice: Robert Brenner on the crisis in the US economy Robert Brenner calls the housing crisis before it occurs. To restore order, the Federal Reserve brought down interest rates in record-breaking fashion, but there was no response from … Continue reading

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