China

China’s Real Estate Bubble May Have Just Popped

December 23, 2011
By

Real estate woes are already sending shockwaves through China’s broader economy. Chinese steel production — driven in large part by construction — is down 15 percent from June, and nearly one-third of Chinese steelmakers are now losing money. Chinese radio reports that half of all real estate agents in the southern city of Shenzhen...

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China’s epic hangover begins

December 15, 2011
By

“The BRICs are falling like bricks and the crises are home-blown, caused by their own boom-bust credit cycles. Industrial production is already falling in India, and Brazil will soon follow.” “There is so much spare capacity that they will start dumping goods, risking a deflation shock for the rest of the world. It no...

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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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