Tag: Economy
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Parasitical landlordism and the Marxist theory of rent
Along with bankers and capitalists, the landlord class is especially despised. They are regarded very much as greedy speculators, rack-renting owners, who force up rents at the earliest opportunity and cream off a section of the surplus-value created by the working class. It is clear why disdain for them is rising. In Britain alone, rents…
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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…