Established as a landmark victory for the climate movement, the CCC promised to hold governments to account. Today, it is understating the danger of climate chaos and impeding the radical action needed, says IAN SINCLAIR
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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
The real ‘humanitarian threat’ isn’t Cuba but the United States, where poverty, lack of healthcare and illiteracy abound, writes LINDA PENTZ GUNTER
ROGER McKENZIE draws attention to the much-neglected oral traditions of the global South that define the identity – and therefore the liberation – of its custodians
Labour movement history in Britain shows workers secured reforms through collective pressure and political representation, rather than being gifted from above, writes KEITH FLETT
CLAUDIA WEBBE looks at how Britain’s Nato ally has upped the stakes in its effort to silence domestic dissenting voices
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.
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