Author: Samantha

Since October last year, invading Israeli troops have inflicted massive and disproportionate casualties on the people of Gaza. Over 40,000 Palestinians have been killed in Gaza and the West Bank. By late April 2024, Israeli troops had dropped more than 70,000 tonnes of bombs on Gaza, leaving behind an obliterated landscape where more than 50% of structures had been damaged or destroyed. Numerous statements and reports issued by the UN and by member states have accused Israel of grave and systemic violations of international law and crimes against humanity. Not…

By Daniel Campos On August 5, 2024, one of the largest stock market collapses in the world in the history of capitalism took place. But the most important thing was not the dimension of the collapse, but its significance. The significance of the collapse is that the world economy is heading towards stagflation, a horrific combination of recession and inflation on a global scale, a prospect that appears on the horizon of the world capitalist system. The collapse of August 5 is the product of the fear that this prospect…

Karl Marx’s “Capital: Critique of Political Economy” (often referred to simply as “Capital”) is a foundational text in Marxist theory and economic critique. Here are five key lessons from the book: 1. Labor Theory of Value: Marx argues that the value of a commodity is determined by the amount of socially necessary labor time required to produce it. This theory critiques the classical economic view that value is derived from utility or market demand. 2. Surplus Value: A central concept in Marx’s work is surplus value, which is the difference…