governments

Crises are part of Capitalism’s metabolism

A crisis in the capitalist system is a kind of wake up call: speculative bubbles burst, the price of assets [8] moves back towards their real value; the least profitable corporations go bankrupt, and capital is destroyed [9]. Crises are in a way part of Capitalism's...

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Chávez’s Legacy | by Mark Weisbrot

Bertrand Russell once wrote about the American revolutionary Thomas Paine, "He had faults, like other men; but it was for his virtues that he was hated and successfully calumniated." This was certainly true of Hugo Chávez Frias, who was probably more demonized than...

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Euro crisis: the economics of class warfare

Euro crisis: the economics of class warfare

Conversation with Özlem Onaran From the start, the neoliberal project in Europe was marked by a striking pro-capital redistribution of income, wealth and power. This seemed to be a good solution to overcome the profitability crisis, but it sowed the seeds of another...

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Economics for people

Economics for people

Amandla! introduces a new column: Economics for people. In this column we demystify basic economic processes, concepts and debates so that activists are able to participate better in the struggles over the nature and direction of economic policy. One of the factors...

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Economics for people

Economics for people

Amandla! introduces a new column: Economics for people. In this column we demystify basic economic processes, concepts and debates so that activists are able to participate better in the struggles over the nature and direction of economic policy. One of the factors...

read more