Netanyahu’s failed attempt to replace Shin Bet’s chief violates longstanding Israeli political taboos, as the apartheid state’s internal power struggle spirals to a new level of crisis while Gaza burns, writes RAMZY BAROUD
A spectre is haunting global capital — the spectre of falling rates of profit
The ultra-low and sub-zero interest rates reflect a system afflicted by a falling rate of profit, says FAWZI IBRAHIM

THE much-discussed and sometimes ridiculed Marxist theory of the tendency of the rate of profit to fall has come into its own.
The historic low interest rates are testimony to its validity; ultra-low interest rates are recognition of ultra-low rates of profit.
The theory is dazzling in its simplicity. The rate of profit is the ratio of profit divided by capital expenditure also known as capital stock.
More from this author

Lenin’s theory of the weakest link shifted the centre of gravity of the proletarian revolution towards peoples’ struggles in the developing world, contrary to the expectation of Marx and Engels. The effect was to hinder the cause of socialism by decades. Time bring it back to its natural home, argues FAWZI IBRAHIM

There is a lot to be said for Labour’s first Budget in 14 years, says FAWZI IBRAHIM, arguing that rebuilding the country’s infrastructure and its industrial base through wealth creation is the antidote to a capitalism in absolute decline

The reliance on political parties to bring about socialist change in Britain has proved a total failure says FAWZI IBRAHIM. Time for the true representatives of the working class, the trade unions, to take a direct role in asserting their will on the government of the day

We have been fighting things getting worse — what is needed is to fight to get things better, and that requires a radical change in mindset, writes national officer of Rebuild Britain FAWZI IBRAHIM