4th August 1914: The Great Betrayal and Collapse of the Second International This year marks not only 100 years since the outbreak of the First World War, but it also marks the centenary of another debacle: the collapse of the Second International, the international body that brought under its banner all the mass workers’ parties.
The puzzle of productive and unproductive labour In their desperate search for profitable fields of investment, the capitalist class, especially the financial oligarchy, has presided over an explosive growth of unproductive expenditure that today threatens to undermine the very edifice of capitalism. As more and more surplus value is siphoned off into unproductive activities, the issue of “productive” and “unproductive” labour has once again resurfaced as a factor contributing to, and a reflection of, the present terminal decline of world capitalism.
Bolshevism and the Arab Revolution From a Marxist point of view, the Bolshevik Revolution was the greatest single event in world history. Why? Because here, for the first time, if we exclude the heroic but tragic episode of the Paris Commune, the masses overthrew the old regime and began the great task of the socialist transformation of society.
