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…
South Asia’s elite historians have deliberately distorted certain events within their accounts of the struggle against British imperial rule and subsequent bloody partitioning. One such significant episode was the struggle of the Hindustan Revolutionary Socialist Association (HSRA) and its most renowned martyr Bhagat Singh. On…
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…
Saturday 2nd February marked the 70th anniversary of the end of the Battle of Stalingrad, with the surrender of German troops, a key turning point in the Second World War, where about 800,000 German and Axis troops were either killed or captured, including the entire…
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…
On 3rd October, striking Power Loom workers from various areas of Ludhiana gathered to demonstrate in front of the Labour Department offices for a second time to increase the pressure on local officials to get their demands met. This was the 12th day of the…
The Indian economy has undergone a long period of high and sustained growth. It remains a country of huge contradictions, with immense polarisation of wealth. And yet, in spite of all the propaganda about the state being “bad”, without it Indian capitalism could not have…
For more than two decades society has been under a kind of Orwellian spell where almost everything written or said in the mainstream media and intellectual circles in fact means its opposite. Clichés like “end of history”, “socialism has failed”, “capitalism has lifted millions out…
