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Tag Archives: economics

Marx’s Capital at 150: an unequalled analysis and critique of capitalism

Robin Clapp, Socialist Party National Committee The Daily Mail reacted with predictable hysteria when, in May 2017, John McDonnell stated: “You can’t understand the capitalist system without reading Marx’s Das Kapital.” When asked to immediately condemn his shadow chancellor, Labour leader Jeremy Corbyn refused to do so and correctly added that Marx was “a great economist”. These endorsements are a ...

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Corbynomics: Can capitalism be saved or is socialist planning necessary?

The IMF now calls for state intervention to stimulate the ailing global economy. And many on the left also propose Keynesian-style policies. So, does this mean the IMF would welcome a Corbyn-led government in Britain? If not, why not? From the 1980s onwards neoliberal economics have reigned supreme. Now, eight years after the world economic crisis began, its obituary is ...

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