Skip to main content
Commodity by Photis Lysandrou
The crisis in the global economy comes under scrutiny, with the focus on the financialised world market

Commodity: The Global Commodity System in the 21st Century
by Photis Lysandrou
(Routledge, £45)

THIS short book adds materially to our understanding of the developments which have shaped today’s world economy, pushed it into crisis and which have inhibited the addressing of its most destructive and odious features —  inequality above all.

In it, Photis Lysandrou, a Marxist for many years, sets out to explain in a well-written text the parameters of today’s crisis starting, as Marx did, from the fact of the commodity.

Though rooted in Marxism, Lysandrou is not bounded by its orthodoxies. In grappling with the fact of globalisation or the universalisation of commodity exchange as the operative principle of the world economy, he distinguishes between the “physical space” of peoples, nation states and factories and the “commodity space” of a financialised world market.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
More from this author
A pregnancy test kit indicating pregnancy
Britain / 14 May 2025
14 May 2025
Chancellor of the Duchy of Lancaster Pat McFadden delivers a keynote speech to the CyberUK conference at the Central Convention Complex in Manchester, May 7, 2025
Civil Service / 14 May 2025
14 May 2025
Former Labour Party leader Jeremy Corbyn (centre) takes part pro-Palestine march in central London, organised by a number of groups under the Palestine Coalition banner, March 15, 2025
Britain / 13 May 2025
13 May 2025
Prime Minister Keir Starmer speaking during a press conference on the Immigration White Paper in the Downing Street Briefing Room in London, May 12, 2025
Eyes Left / 14 May 2025
14 May 2025

Just as German Social Democrats joined the Nazis in singing Deutschland Uber Alles, ANDREW MURRAY observes how Starmer tries to out-Farage Farage with anti-migrant policies — but evidence shows Reform voters come from Tories, not Labour, making this ploy morally bankrupt and politically pointless

Similar stories
GUILTY PARTIES: Rembrandt Van Rijn (1606-1669), Syndics of t
Book Review / 4 February 2025
4 February 2025
CAROLINE FOWLER explains how the slave trade helped establish the ‘golden age’ of Dutch painting and where to find its hidden traces
Aboubakar Traore
Global Routes / 2 December 2024
2 December 2024
Two new releases from Burkina Faso and Niger, one from French-based Afro Latin The Bongo Hop, and rare Mexican bootlegs
ARROGANCE AND IGNORANCE: Group of six European men sitting,
Book Review / 24 September 2024
24 September 2024
FRANCOISE VERGES introduces a powerful new book that explores the damage done by colonial theft
(L) Chilean academic and photographer Luis Bustamante; (R) C
Exhibition Review / 11 July 2024
11 July 2024
Co-curator TOM WHITE introduces a father-and-son exhibition of photography documenting the experience and political engagement of Chilean exiles