This evening the Socialist Workers’ Party’s Chris Harman, Richard Brenner from Workers’ Power and the Hungarian Marxist István Mészáros debated the topic ‘Marx and the credit crunch’ at Conway Hall in central London. Around 190 people attended the meeting.
by Dan Jakopovich
In The Long Twentieth Century: Money, Power, and the Origins of Our Times (1994), Arrighi centres his attention on the examination of systemic capitalist cycles of accumulation: their immanent logic, the interplay between the emerging and old powers (elements of systemic continuity and discontinuity), and the factors of hegemonic consolidation. Continue reading “review of a classic: giovanni arrighi’s ‘the long twentieth century’”
a leaflet by the commune
A mere 22% of a typical household’s monthly income is left after tax and essential bills, down from 28% since 2003. The situation is getting worse. Costs have gone up across the board:
Increase of 10% for Electricity
Increase of 15% for Gas
Increase of 6.6% for Food
Increase of 20.2% for Petrol
Increase of 6.5% for Water
The government says wages must be kept down to stop inflation – but it’s not wages that are to blame. In May, over 90% of workers got wage rises beneath inflation. In fact the share of the overall economy going to wages has gone down this year, as it has every year since 1995. Wages are nowhere near enough to meet the rising costs. To make it worse, unemployment, which has never gone away, is rising fast.