In a wide-ranging interview, JEREMY CORBYN talks to Ben Chacko about the difficulties the new Prime Minister faces and why he sees no future in Labour
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What is ‘market socialism’?
Social ownership and democratic control of the means of production, distribution and exchange needs to include effective feedback mechanisms to ensure that output and demand are in balance, writes the Marx Memorial Library
China considers itself a socialist country but has embraced markets and globe-spanning chains like McDonald’s
[Martin Lewison/Creative Commons]
A sharp rise in public-sector investment is required to kick-start the economy, argues MICHAEL BURKE
Burnham’s billions for defence while councils and local services struggle will not deliver the change that Britain’s working-class communities need, says MICAELA TRACEY-RAMOS
Millions of elms were wiped out by Dutch elm disease in the 20th century, transforming the landscape forever – yet pockets of hope are keeping this beloved tree alive. MARK SEDDON explains
CARLOS MARTINEZ looks at the facts behind US persecution of Fergie Chambers
While Italy’s communist tradition remains fragmented and politically marginal, France’s party is attempting to re-establish itself as an independent force rooted in working-class organisation, says NICK WRIGHT
ON THE face of it, “market socialism” may seem a contradiction in terms.
Capitalism is sometimes characterised as a “market” economy in which supply and demand regulate prices so that production and consumption remain in balance.
The reality of course is that it is a dysfunctional system, hugely exploitative of people and our planet and today dominated by multinational companies and financial institutions. It’s anything but a “free market.”
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