From the 1917 Balfour Declaration to today’s F-35 sales, Britain’s historical responsibility has now evolved into support for the present-day outright genocide. But our solidarity movement is growing too, writes BEN JAMAL
Is capitalism cyclical?
As long as we permit capitalism to exist, there will be cycles of development and decay, of gains and losses for capitalists, and of successes and failures for the working class, explains the MARX MEMORIAL LIBRARY
Regular crises typically happen every five or six years — it was this, Marx said, that proves the labour theory of value in the same way as the collapse of a badly built house proved the law of gravity.
DIANE ABBOTT MP warns Starmer’s newly declared war on foreigners and scroungers won’t fix housing or services — only class struggle against austerity can do that, and defeat Farage in the process
Ben Chacko talks to ALAN MARDGHUM of the Durham Miners Association about Reform UK‘s dangerous inroads into Durham’s long-standing Labour county council; why he cancelled his party membership; and the political class’s disconnect from working people
Speaking to a CND meeting in Cambridge this week, SIMON BRIGNELL traced how the alliance’s anti-communist machinery broke unions, diverted vital funds from public services, and turned workers into cannon fodder for profit
We’ll be developing a people’s manifesto for the 2026 local elections. We’ll network, learn, inspire and support each other and chart a future path for socialist politics, writes JAMIE DRISCOLL
MAT COWARD rises over such semantics to offer step by step, fool-proof cultivating tips
MOLLY QUELL reports on the sanctions placed on International Criminal Court officials by the Trump regime, making it increasingly difficult for the tribunal to conduct even basic tasks
DESPITE Gordon Brown’s boast to have ended “boom and bust” capitalism is — and has always been — cyclical. Periodic crises — cycles of growth and decay, of profit and loss for the owners of capital, of victories and defeats for the struggles of working people — are inherent in capitalism.
This was first recognised in the early 19th century by the French economic historian Jean Sismondi. Sismondi challenged earlier classical economists such as Adam Smith and David Ricardo who held that perfect competition would ensure smooth growth.
Sismondi, who coined the term “proletariat” to refer to the working class created under industrial capitalism, argued that cyclic mismatches of production and effective demand were caused by inequalities of income and wealth. He advocated modest state intervention to regulate working hours and progressive taxation to provide unemployment and sickness insurance and pensions. In England, his ideas were taken up by Robert Owen who argued for a form of paternalistic socialism.
More from this author
Most currently popular arguments for degrowth describe a real problem without recognising its true cause – capitalism’s insatiable need to accumulate, argues the MARX MEMORIAL LIBRARY
Most phenomena have an explanation, writes the MARX MEMORIAL LIBRARY, but occasionally ‘anomalous’ events have led to new scientific understanding
The fight to defend public services is as important as the struggle over wages, but presents different challenges to workplace organising — especially with regards to bourgeois propaganda and conditioning, writes the MARX MEMORIAL LIBRARY
Marx and Engels’ concern with soil provides a focus for understanding the relationship between capitalism and the environment, argues the MARX MEMORIAL LIBRARY
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