Economics
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Marxist economic theory provides insights into value production and inflation within capitalism. It emphasizes labor’s role in generating value, critiques capitalist exploitation, and interprets inflation as a reflection of class struggle and distributional conflicts. The evolution of capitalism, globalization, and technological change challenge traditional value concepts, prompting ongoing debates within Marxist circles.
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Panitch and Gindin’s “The Making of Global Capitalism” reinterprets globalization, emphasizing the U.S. state’s crucial role over market forces. Through historical analysis, they argue that American political structures have actively shaped global capitalism. The book critiques mainstream narratives, offering a Marxist perspective on the interplay of finance, labor, and neoliberalism, while acknowledging its dense prose.
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The lecture critiques finance as a central pillar of capitalism, extracting value rather than producing. It traces financial capital’s evolution, highlighting Marx, Engels, and Lenin’s analyses of its role in global exploitation and class struggle. To dismantle capitalism, it argues for abolishing finance, rejecting reform, and empowering workers through organized resistance.
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This essay examines how socialist policies shape healthcare systems, highlighting Cuba and Sweden as case studies. Both nations prioritize healthcare as a human right, ensuring universal access and equity. Key themes include comprehensive coverage, preventive care focus, and effective resource allocation. Their experiences demonstrate that socialist principles can lead to successful, equitable healthcare outcomes.
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The digital revolution profoundly alters global work, with automation and AI reshaping industries and labor relations. Through a pro-socialist lens, the essay highlights capitalism’s potential for exploitation versus socialism’s ability to empower workers. It advocates for using digital tools to create equitable economic conditions, reducing labor while promoting social ownership and democratic governance.
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The text discusses the political essence of financial capital, emphasizing its role in perpetuating capitalism and imperialism. It highlights key insights from Marx, Engels, and Lenin, illustrating how finance acts as a weapon for the bourgeoisie and fuels global inequality. The conclusion advocates for revolutionary action to dismantle finance capital’s oppressive structures.
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Ted Grant’s Marxist analysis of capitalist economic cycles in “Will There Be A Slump?” highlights that capitalism is subject to inherent contradictions leading to recurring crises. He examines post-World War II economic upswing, overproduction, and the temporary nature of state interventions and nationalizations, illustrating the persistent instability and inequality in global capitalism.


