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What should we do about money?
One of the biggest challenges in post-Brexit, post-Covid Britain will be to confront the domination of Britain’s economy by the City of London and by international finance capital, says the MARX MEMORIAL LIBRARY

“My friends, I am not a communist” (Boris Johnson, 30 June 2020).

OUR last two answers argued that within capitalism money is much more than merely a facilitator of exchange.  

Today, most money exists in digital form as credit and debt, created by central and private banks, disembodied from any physical manifestation, protected by the state and central to financialised capitalism where profits are increasingly disconnected from production of goods and services.  

An understanding of the nature and function of money is a challenge to the government’s “good housekeeping” rhetoric and to Tina (“there is no alternative”) austerity.  

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