economics

Image removed.
The high demand for coltan is helping fuel the bloody civil war in the Democratic Republic of Congo as rival armies fight over reserves.

By Stuart Munckton

August 1, 2010 -- Green Left Weekly -- “Yes, the notable features with iPhone 4 — both the device and the iOS4 — are mostly tweaks”, said a June 22 review on the popular site BoingBoing.net. “But what tweaks they are.”

In the interests of full disclosure, I’ll admit I have no idea what “iOS4” means. But my eye was caught by the admission that the iPhone 4, launched in Australia on July 29, was almost the same as the iPhone 3.

Corporations use “inbuilt obsolescence” as part of artificially creating markets. This means the products they sell are deliberately made to break down — so we have to keep buying more.

In the case of products tied to ongoing innovations, the trick has a variation. Makers will hold back innovations in order to release, a short while later, a new version of the same product with a few extra features.

Image removed.
Photo by Twaize/Flickr.

By Alejandro Nadal

July 15, 2010 -- TripleCrisis -- A serious campaign in favour of “de-growth” has been going on for some time and has made important contributions. This movement has opened new avenues for debate and analysis on technology, credit, education and other important areas. It’s an effort that needs support and attention, and we must applaud their initiators and promoters for their boldness and dedication.

By Michel Husson

July 2010 -- International Viewpoint -- A polemic on the rate of profit has developed over the last few months. This article seeks to review this debate which turns around four essential questions. [1]

The four questions are:

  1. an empirical question: what has been the evolution of the rate of profit since the early 1980s in the big capitalist countries?
  2. a theoretical question: what is the status of the tendential fall in the rate of profit in the Marxist analysis?
  3. a “semi-theoretical” question: what is the nature of the crisis?
  4. a programmatic question: what is the impact of this discussion on the proposals advanced in the period opened by the crisis?

The evolution of the rate of profit

On April 26, 2010, Marxist geographer professor David Harvey spoke to the the Royal Society for the encouragement of Arts, Manufactures and Commerce (RSA) to explain how capitalism came to dominate the world and why it resulted in the current financial crisis. He asks: is it time to look beyond capitalism towards a new social order? Above is the animated version of the longer speech he gave. You can view the original speech HERE.

Taking a long view of the current crisis, Harvey exposes the follies of the international financial system, looking closely at the nature of capitalism, how it works and why sometimes it doesn’t.

By Damien Millet, Sophie Perchellet and Eric Toussaint. Translated by Christine Pagnoulle and Marie Lagatta

On April 26, 2010, Marxist geographer professor David Harvey spoke to the the Royal Society for the encouragement of Arts, Manufactures and Commerce (RSA) to explain how capitalism came to dominate the world and why it resulted in the current financial crisis. He asks: is it time to look beyond capitalism towards a new social order?

Taking a long view of the current crisis, Professor Harvey exposes the follies of the international financial system, looking closely at the nature of capitalism, how it works and why sometimes it doesn’t.

Av Paul Kellogg

Den voksende massebevegelsen og åpningen mot venstre i Hellas er oppmuntrende.
Det er i den bevegelsen det ligger håp om at det en gang kan vokse fram et virkelig progressivt Europa.


General strike, Athens, May 20, 2010. Photos by the Communist Party of Greece (KKE). Made with Slideshow Embed Tool

By Olivier Besancenot and Pierre-François Grond, translated by Richard Fidler and Nathan Rao

May 14, 2010 -- Le Monde via The Bullet -- The events in Greece concern us all. The Greek people are paying for a crisis and a debt not of their making. Today it is the Greeks, tomorrow it will be others, for the same causes will produce the same effects if we allow it.

By Paul Kellogg

May 3, 2010 -- The bailout of the debt-ridden Greek government seems finally to be complete.