Category: Economy
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Trotsky: Marxism in our time
Written in 1939 as an introduction to an abridgement of Karl Marx’s book Capital, Trotsky’s “Marxism in Our Time” offers a brilliant summary of Marx’s epoch-making discoveries. Using contemporary examples, Trotsky demonstrates how Marx’s analysis of capitalism in its youthful vigour is as valid now, in its period of terminal decline. Like today, when Trotsky…
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Car industry closures reveal depth of European crisis
The European economy is facing its biggest crisis in a decade. Over the past few months, announcements of layoffs in France and Germany have come thick and fast. Hundreds of thousands of jobs are at risk as companies attempt to cut costs. At the same time, the European Central Bank (ECB) is cutting interest rates…