Bankers

The Endless Crisis

May 14, 2012
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An underlying premise throughout our analysis is that imperialist divisions within the world remain and are even deepening, enforcing wide disparities in living conditions. Still, in the age of global monopoly-finance capital working people everywhere are increasingly suffering—a phenomenon that Michael Yates has referred to as “The Great Inequality.”77 Entrenched and expanding monopolies of...

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Debtors share frightening tales

April 30, 2012
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MARION – When troopers from the Illinois State Police knocked on the door of Lisa Lindsay’s Herrin home last spring, she immediately thought something had happened to one of her children. Police departments generally do not deliver good news at 11 p.m. Lindsay, a breast cancer survivor, quickly learned the troopers were there to...

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How Greece Could Take Down Wall Street

February 25, 2012
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… The Houses of Morgan, Goldman and the other Big Five are justifiably worried right now, because an “event of default” declared on European sovereign debt could jeopardize their $32 trillion derivatives scheme.  According to Rudy Avizius in an article on The Market Oracle (UK) on February 15th, that explains what happened at MF...

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Reflections on the current disorder

January 31, 2012
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For the last few decades, the economic and political contradiction has been managed, if not resolved (not that it could ever be) through the liberal use of debt—credit cards at first, and then mortgages from the mid-1990s onward. The explosion in household credit —from 65% of disposable income in 1983 to 135% at the...

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Despite Salary Caps, Treasury Approved Lucrative Exec Payouts at Dozens of Bailed-Out Firms

January 28, 2012
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New York Daily News columnist and Democracy Now! co-host Juan Gonzalez reports the Treasury Department has approved payouts exceeding $5 million for 49 executives at firms that most benefited from the Wall Street bailout. The executives’ pay came despite the $500,000 salary cap established under the Troubled Asset Relief Program (TARP).   http://www.democracynow.org/2012/1/27/despite_salary_caps_treasury_approved_lucrative

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Children ‘dumped in streets by Greek parents who can’t afford to look after them any more’

January 12, 2012
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Children are being abandoned on Greece’s streets by their poverty-stricken families who cannot afford to look after them any more. Youngsters are being dumped by their parents who are struggling to make ends meet in what is fast becoming the most tragic human consequence of the Euro crisis. It comes as pharmacists revealed the...

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Albert Einstein Albert Einstein: Why Socialism?
Socialism2012

Video Classroom

Are we living in the end times? (Slavoj Žižek)

What does it mean to be a revolutionary today? (Slavoj Žižek)

Things cannot go on the way they are (Slavoj Žižek)

A New Kind of Communism (Slavoj Žižek)

Video Classroom

Capital Volume 1 (David Harvey)

Video Classroom

Economic Crisis And Globalization-1 (Richard D. Wolff)

Economic Crisis And Globalization-2 (Richard D. Wolff)

Economic Crisis And Globalization-3 (Richard D. Wolff)

Economic Crisis And Globalization-4 (Richard D. Wolff)

Economic Crisis And Globalization-5 (Richard D. Wolff)

Economic Crisis And Globalization-6 (Richard D. Wolff)

Video Classroom

Intro to Marxian Economics – Session 1 (Richard D. Wolff)

Intro to Marxian Economics – Session 2 (Richard D. Wolff)

Intro to Marxian Economics – Session 3 (Richard D. Wolff)

Intro to Marxian Economics – Session 4 (Richard D. Wolff)

Video Classroom

The Communist Manifesto - Terry Eagleton - Marxism 2011

Why Marx Was Right - Terry Eagleton
Marxism -- Activists and scholars in Marxist tradition
"We have always distinguished the social kernel from the political form of bourgeois democracy; we have always revealed the hard kernel of social inequality and lack of freedom hidden under the sweet shell of formal equality and freedom – not in order to reject the latter but to spur the working class into not being satisfied with the shell, but rather, by conquering political power, to create a socialist democracy to replace bourgeois democracy – not to eliminate democracy altogether."

"But socialist democracy is not something which begins only in the promised land, after the foundations of socialist economy are created; it does not come as some sort of Christmas present for the worthy people who, in the interim, have loyally supported a handful of socialist dictators. Socialist democracy begins simultaneously with the beginnings of the destruction of class rule and of the construction of socialism. It begins at the very moment of the seizure of power by the socialist party. It is the same thing as the dictatorship of the proletariat. Yes, dictatorship! "

"But this dictatorship consists in the manner of applying democracy, not in its elimination, but in energetic, resolute attacks upon the well-entrenched rights and economic relationships of bourgeois society, without which a socialist transformation cannot be accomplished. But this dictatorship must be the work of the class and not of a little leading minority in the name of the class – that is, it must proceed step by step out of the active participation of the masses; it must be under their direct influence, subjected to the control of complete public activity; it must arise out of the growing political training of the mass of the people."

Rosa Luxemburg
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