MICHAL BONCZA recommends a minimalist installation that prompts intriguing connotations
Latest editorial
Illusions of the Ponzi circus
WILL PODMORE takes issue with a faulty analysis of capitalist crisis that cannot see the wood for the trees
BRIDGE OVER TROUBLED WATERS: Farmers have parked their tractors on a small bridge over a highway in Frankfurt, Germany on January 26 2024
FIONA O’CONNOR questions the achievement of this year’s Orwell prize winner for political fiction
LEO BOIX reviews two powerful Latin American novels in which myth and crime fiction expose the deadly consequences of patriarchy, clandestine abortion and state violence
New releases from Laura Veirs, The Waterboys, and Yard Act
Ron's rages are sincere and — according to his wife — healthily cathartic. But can these splenetic outbursts loosen the grip of capitalism at its most monstrous?
ANGUS REID considers the power of the podcast as a vehicle for consensus building in opposition to mainstream media narratives
You always hurt the one you love: central banks and the murder of capitalism
Bernard Connolly
Unicorn, £30
BERNARD CONNOLLY is the excellent economist who wrote the brilliant critique of the euro, The Rotten Heart Of Europe. In this fine book, he analyses what he calls “the global Ponzi scheme” that is present-day capitalism.
He acknowledges that “there has been extractive behaviour (what Marxists would call exploitation) on a massive scale... What has happened in Western economies in this century in terms of financial crises and massive inequalities of income and particularly, wealth, can appear to validate Marxist predictions.”
As he notes, Marx believed that crisis was inherent in the nature of capitalism and wanted the crisis to be resolved by instituting a socialist system. Friedrich von Hayek, by contrast, believed that recurrent crises in capitalism were caused not by the nature of private property but by monetary mismanagement, and wanted crises to be resolved in a way that preserved capitalism.
Similar stories
The future does not have to be climate chaos and social breakdown. MARC VANDEPITTE looks at the alternatives offered by the Global Justice Report, co-authored by Thomas Piketty
In Part 4 of her look at the Chinese revolution JENNY CLEGG addresses the relationship between the Peasant Movement and the National Movement
From summit to summit, imperialist companies and governments cut, delay or water down their commitments, warn the Communist Parties of Britain, France, Portugal and Spain and the Workers Party of Belgium in a joint statement on Cop30
Starmer sabotaged Labour with his second referendum campaign, mobilising a liberal backlash that sincerely felt progressive ideals were at stake — but the EU was then and is now an entity Britain should have nothing to do with, explains NICK WRIGHT