Marxism vs libertarianism Defenders of the free market look towards libertarians such as Hayek and Mises – and their assertion of an ‘economic calculation problem’ – in order to attack socialism. But in truth, Marxists answered these reactionary arguments long ago.
Stagflation and struggle: capitalism’s new era The world economy is wracked with turbulence, buffeted by a perfect storm of war, pandemic, and protectionism. A toxic combination of inflation and recession looms for capitalism. This is a finished recipe for revolutionary explosions everywhere.
‘Scams and garbage’: crypto crash is just the prelude Earlier this month, a collapse on the scale of the largest crashes in recent history rocked markets. The Nasdaq stock exchange fell by almost 30% in one week, and the market capitalisation of cryptocurrencies simultaneously fell by 50%. Hundreds of billions of dollars were wiped out in just seven days. Since then, there has been no recovery.
