Socialism

pity the 1%

“Cash bonuses on Wall Street are expected to drop by 14 percent during this year’s ‘bonus season’.” Only 20 billion will be doled out instead of the usual 121,00 billion.…

What is Capitalism?

The late, great Ernest Mandel who was banned from entering the US for much of his life, wrote what is probably the very best introduction to Marx’s Capital ever written.…

Are we there yet?

Mature capitalist political economies all feature elaborate electoral institutions. This is useful to capitalism as it suggests that capitalism and democracy—a value that everyone purports to cherish—are compatible. More, if…

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