Category Archives: Political Economy

The old art of understanding that the political is economic and the economic political.

Right wingers threatened by this designation may be reminded that this is what Adam Smith considered to be his discipline

Statistics on Incarceration: US holds 22% of all the world’s prisoners

Reprinted from: Vol. 80/No. 10      March 14, 2016   US capitalist ‘justice’ …some facts World’s jailer-in-chief • World’s highest incarceration rate: US has 4.4% of world population but 22% of world’s prisoners. • Some 7 million people (1 in 35 adults) … Continue reading

Posted in African American nationalist movement and struggle for human rights, Analysis of Mature Capitalism, Cuba, Death Penalty, Militant Articles with Links, political rights of the US working class, U.S. Civil Rights | Tagged | Leave a comment

The Hours Trap: How overwork contributes to the waste of social resources and the degredation of personal time.

One of the tricks that capital plays on the worker is entrapment into excessive hours of work. The worker is enticed into overtime by time and a half schemes and other financial incentives. Wages are held low so the cost … Continue reading

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E.A. Preobrazhensky Excerpt from “Primitive Accumulation and the Democratic Dictatorship of the Proletariat and Peasantry”

Below is an excerpt from the paper on Preobrazhensky that I have been working on . E.A. Preobrazhensky, the New Economics, and the Democratic Dictatorship of the Proletariat and Peasantry. The text above links to part 1 of the article. … Continue reading

Posted in Analysis of Mature Capitalism, Autobiography of EA Preobrazhensky serialized excerpts, E.A. Preobrazhensky, Primitive accumulation, Soviet/Bolshevik history, The Democratic Dictatorship of the Proletariat and Peasantry, The Workers and Farmer, The Workers' and Farmer's Government | Tagged , , , , , , , , , , , , , , , | 4 Comments

Comments on Money in Contemporary Capitalism: Autonomization of ‘Truly Social’ Forms…by L.M. Paulani Excerpt and Link

Below is an excerpt from L.M. Paulani’s excellent article which expands upon the question of ‘autonomization of capital’ in this case the money form of capital, which is also explored in the related article Valueless Knowledge-Commodities and Financialization: (Teixiera and … Continue reading

Posted in Analysis of Mature Capitalism, Analysis of Money, Autonomization, Political Economy | Tagged , , , , , , , , , , , , , , | Leave a comment

Fictitious Capital: definition from the MIA

  From the Marxists Internet Archive, a good, and not too long, definition of “Fictitious Capital” http://www.marxists.org/glossary/terms/f/i.htm   […]However, as the class of speculators, bankers, brokers, financiers, and so on, grows, as is inevitably the case wherever the mass of … Continue reading

Posted in Analysis of Mature Capitalism, Marxist technical economics, Political Economy | Tagged , , , | 1 Comment

Valueless “Knowledge-Commodities” and Financialization: A materialist understanding the “information economy” by Teixiera and Rotta

Below is an excerpt from an article published in the Union for Radical Political Economy journal The Review of Radical Political Economics originally published in February 2012 Valueless Knowledge-Commodities and Financialization: Productive and Financial Dimensions of Capital Autonomization By Rodrigo … Continue reading

Posted in Analysis of Mature Capitalism, Bibliography, Knowledge-Commodities, Marxist technical economics, Political Economy | Tagged , , , , , , , , , , , | 1 Comment

Why Does the Capitalist Nation Need a Foreign Market? : Lenin 1899

Vladimir Ilyich Lenin The DEVELOPMENT of CAPITALISM in RUSSIA   Written in 1899 Chapter I. The Theoretical Mistakes of the Narodnik Economists VIII. Why Does the Capitalist Nation Need a Foreign Market? “…the necessity of seeking a foreign market by no … Continue reading

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The Characteristics of Mature Capitalism v. 4

by Rawlinsview –New York Jan 29, 2014 – –  The Current Situation – – Every child knows, too, that the masses of products corresponding to the different needs required different and quantitatively determined masses of the total labor of society. … Continue reading

Posted in Analysis of Mature Capitalism, Bonapartism, E.A. Preobrazhensky, opinion/current affairs, Political Economy | Tagged , , , , , , , , , , , , , | 1 Comment

Once More on Bill De Blasio, Marxism, ‘Class Warfare’ Neo-Liberalism and taxing the rich,

Reuters—Liberal NYC Democrat wins Obama’s backing in mayoral race: “President Barack Obama…threw his support behind New York mayoral candidate Bill de Blasio, lauding his fellow Democrat’s commitment to “an economy that works for all” and a “bold, courageous” plan to … Continue reading

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E.A. Preobrazhensky Autobiographical Sketch. Part 1 with link to complete text.

“In summer 1905 I left for Bryansk and there directed the activity of the local committee with two other comrades. With no bed in my room, I slept on newspapers on the floor, lived on smoked sausage and bread, spending … Continue reading

Posted in Bibliography, E.A. Preobrazhensky, Labor Movement, Lenin, Revolutionary Tactics and Strategy, Soviet/Bolshevik history | Tagged , , | 4 Comments