Marxist Theory Featured

In his article entitled 'Long Economic Cycles', Kondratiev argued that, in addition to the normal trade cycle of capitalism of between seven and eleven years, there existed longer cycles, the average duration of which was fifty years. He concluded that the capitalist system passes through "long waves", in which each downswing is followed by an upswing which can last for decades. It is this latter assertion that was rebutted by Trotsky. And though it has regularly made its reappearance, enjoying a temporarily fashionable status, it has no solid basis either in fact or in theory. In this article, originally published in 2000, Alan Woods explains why.

In the year 2000 we published this article by Leon Trotsky on capitalist development. The purpose then was to underline the fact that although capitalism was experiencing a boom, the period we had entered was actually one of overall capitalist decline. As we explained in the introduction “Rather than a new upswing, capitalism is heading for a new slump and a downward curve of development similar to the interwar period.” This was confirmed by the 2008 financial crisis and subsequent events. We are republishing it as an aid to understanding the period we have been through and where we are going.

The shock result of the Irish general elections, which put Sinn Féin on top in terms of votes, has sent the Irish ruling class into a panic. No matter what road they take, the next period will be one of great political turbulence.

"If it ain't Boeing, I ain't going". Up until recently, this was the slogan many pilots and passengers had adopted when flying or boarding an aircraft. It was a nod of respect for the Seattle aircraft manufacturer that brought America into the jet age with airliners like the 707, the three-engine 727 that followed, and the “Queen of the Skies” – the 747. How times have changed!

The IMT has spent the past year commemorating the March 1919 centennial of the Third (Communist) International's founding. In particular, we celebrate the extraordinary promise and lessons of its first four congresses. But just a few years after it entered the scene of history, the Comintern suffered a sudden, dramatic, and irreversible decline. What happened? How was all that potential squandered and turned into its opposite?

All the reactionaries are crowing. Donald Trump expressed particular delight at the result. “Congratulations to Boris Johnson on his great WIN!” the US President wrote on Twitter. “Johnson secures crushing UK election victory,” exuded the Financial Times, as the pound rose on foreign exchange markets.

This article was first published in German by the comrades of Der Funke, the IMT in Austria. Here we provide an English translation on this important question of Queer Theory. Is it compatible with Marxism? Can there be such a thing as “Queer Marxism”? Yola Kipcak in Vienna replies in the negative, and explains why.

In this talk from the recent Revolution Festival, hosted by Socialist Appeal in Britain, Marie Frederiksen – editor of the Danish Marxist paper 'Revolution' – discusses the impact of the Berlin Wall, which was broken apart 30 years ago today, on 9 November 1989. This marked the beginning of the end for the Stalinist regimes of Eastern Europe and the Soviet Union.

Capital emerged on the stage of history “dripping blood from every pore” – to use Marx’s famous words. Josh Holroyd describes the violent and tumultuous birth of capitalism out of the embers of feudal society.

Opportunism and sectarianism are two sides of the same coin. Both must be combated if the program of revolutionary Marxism is to become a mass force by connecting with the aspirations and movement of the working class, as Socialist Revolution (the IMT in the USA) explains.