ANSELM ELDERGILL looks at the legality of the wars in the Middle East and the means used to fight them. It is said that truth is the first casualty of war, so what is the truth with regard to the legality of America’s and Israel’s wars in Iran, Palestine and Lebanon?
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
CENTRAL ROLE: People wearing face masks walk past the Bank of England and the Royal Exchange in London
Long before modern labour movements, England’s farmworkers fought back against their oppression – and for some, like Elizabeth Studham, the price was exile to Australia. MAT COWARD tells the story
As world leaders posture and local politicians bore, voters are left with a grim choice: despair, disengage — or start imagining something better, says MATT KERR
CARLOS MARTINEZ reports on China’s role in helping Cuba develop self-sufficiency in renewable energy, which would shield it from the sort of pain Donald Trump is inflicting with his oil blockade
JAYNE FISHER on why the government’s latest amendments to the Crime & Policing Bill, which returns to the Commons on Tuesday, is a serious threat to our freedoms
A surge in futures activity minutes before news of US–Iran talks has led to questions about insider trading and oversight gaps, writes CJ ATKINS
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.
Similar stories
If the government really wanted to address public finances, improve living standards and begin economic recovery, it would increase its borrowing for investment, argues MICHAEL BURKE
It’s the dramatic rise of China with its burgeoning economy that has put the Trump administration into a frenzy – with major implications both at home and abroad, argues MICHAEL BURKE
Exempting military expenditure from austerity while slashing welfare represents a fundamental misallocation of resources that guarantees continued decline, argues MICHAEL BURKE
