As the capitalist system lurches from one crisis to the next, old contradictions are re-emerging. Instability, polarisation and huge political shifts are taking place all over the world. As part of this process, unsolved national questions are erupting once more with renewed force around the…
Capitalism is in its deepest crisis in its history. It is an economic, social and political crisis, which is now expressing itself in political turmoil and growing class struggle across the globe. While the ruling class attempts to bury Marxism, it has in fact never…
This year marks the 100th anniversary of the October Revolution. The apologists of capitalism, and their faithful echoes in the labour movement, try to comfort themselves with the thought that the collapse of the USSR signified the demise of socialism. But what failed in Russia…
“The love of money,” the Bible tells us, “is the root of all kinds of evil” (1 Timothy 6:10). After the financial crash of 2008 and the subsequent global economic crisis that continues to plague society today, it is hard not to empathise with these…
This work by Alan Woods, provides a comprehensive explanation of the Marxist method of analysing history. This first part establishes the scientific basis of historical materialism. The ultimate cause of all social change is to be found, not in the human brain, but in changes…
Today, we find ourselves in the midst of one of the deepest crises capitalism has ever faced. While the 99% are being asked to pay for the crisis, the 1% are amassing wealth at an ever accelerating pace. The saturating level of scandal and corruption…
What is value? This question has perplexed the human mind for more than 2,000 years. The classical bourgeois economists grappled with the question, as did Marx. After much deliberation, they correctly concluded that labour was the source of value. This idea then became a cornerstone…
The Marxist analysis of history – that is, the dialectical and materialist analysis of history – explains that the main motor force in history is the need for society to develop the productive forces: to increase our knowledge of and mastery over nature; to reduce…
It is 130 years since the death of Karl Marx. But why should we commemorate a man who died in 1883? In the early 1960s the then Labour Prime Minister Harold Wilson declared that we must not look for solutions in Highgate cemetery. And who…
The following article was originally published in the summer issue of the IMTs theoretical magazine In Defence of Marxism In the last issue of the In Defence of Marxism magazine we polemicized against the theory of “under-consumption” as an explanation of capitalist crisis. In this…
