How digital currencies could help humankind – and why they won’t In 2008, Satoshi Nakamoto established the first digital bitcoin transaction by mining the so-called genesis block. This was to be the beginning of a new era for money and the payment system, but the story did not develop according to the original aims of the pseudonymous bitcoin creator. Digital currencies really have the potential to change the economic landscape. The problem is that, under capitalist conditions, they will not be used to help ordinary people, but rather, the profiteering bankers. Note: this article was written in December 2020.
On Kautsky’s Foundations of Christianity – introduction to the new German edition To mark the holiday period, we republish the following introduction by Alan Woods to a German edition of Karl Kautsky's excellent text, The Foundations of Christianity. Originally published 23 September 2011, Alan outlines the significance of this work, and gives an overview of Kautsky's historical materialist account of the origins of the Christian faith.
The crisis of reformism: class collaboration and compromise The crisis that began in 2008 exposed capitalism. It started a process in which millions of young people and workers began to challenge, not just so-called ‘neoliberalism’, but capitalism itself. Yet this crisis of capitalism, rather than propelling the left to power, has pushed the left into crisis. Superficially, this is a contradiction, but if we look beyond the surface, we see it flows from the limitations of reformist politics in a period such as the one we are living through.
