The planetary emergency

by John Bellamy Foster and Brett Clark Capitalism today is caught in a seemingly endless crisis, with economic stagnation and upheaval circling the globe.1 But while the world has been fixated on the economic problem, global environmental conditions have been rapidly worsening, confronting humanity with its ultimate crisis: one of long-term survival. The common source of both of these crises resides in the process of capital accumulation. Likewise the common solution is to be sought in a “revolutionary reconstitution of society at large,” going beyond the regime of capital.2 It is still possible for humanity to avert what economist Robert … Continue reading The planetary emergency

The economy of violence: Waste, expenditure and surplus

by Sanjay Perera
We are living in a time when the world is seeing the full effects of the economic violence of capitalism on all life forms and the planet itself. The violent process of capitalism is one of extraction and exploitation as it operates in a framework of polarity that exacerbates the difference between taking and giving, storing and sharing, and the separation between the ‘haves’ and ‘have-nots’. Continue reading The economy of violence: Waste, expenditure and surplus

Why socialism?

by Albert Einstein Is it advisable for one who is not an expert on economic and social issues to express views on the subject of socialism? I believe for a number of reasons that it is. Let us first consider the question from the point of view of scientific knowledge. It might appear that there are no essential methodological differences between astronomy and economics: scientists in both fields attempt to discover laws of general acceptability for a circumscribed group of phenomena in order to make the interconnection of these phenomena as clearly understandable as possible. But in reality such methodological … Continue reading Why socialism?