By Michael Roberts In several previous posts, I have highlighted what are called ‘zombie’ companies (companies whose regular profits do not even cover the cost
Author: Posted by Truman
We re-publish here an article written by Leon Trotsky on the 22nd April 1939 about the situation in Ukraine at that time. There are many
By Michael Roberts The economic war between the US-led NATO group and Russia is hotting up alongside the real war in Ukraine itself. In response
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The wealth of nations
By Michael Roberts Marx’s first sentence in Capital Volume One is: “The wealth of those societies in which the capitalist mode of production prevails, presents
By Michael Roberts The debate among economists continues on whether the recent hike in inflation rates in the major economies is due to a ‘supply
By Michael Roberts As the drums of war sound for Ukraine, what will be the impact on Ukraine’s economy and the living standards of its
By Michael Roberts Let me start this post by quoting Noah Smith, liberal economist and Bloomberg journalist from his blog on Modern Monetary Theory (MMT):
By Michael Roberts At the beginning of January, I posted my economic forecast for the world economy in 2022. I argued that, although the major
By Michael Roberts The UK prime minister Boris Johnson is currently in danger of losing his job because of the blatant flouting by him and
By Michael Roberts Portugal’s ruling socialists under prime minister, António Costa, achieved a surprising victory in parliamentary elections on Sunday. The Socialists gained an outright
