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Catherine Connolly wins: An historic victory for the left

8 November 2025 - by Paul Murphy

Catherine Connolly’s resounding victory in the Presidential election is a watershed moment. It is the first time that the left has won a majority of votes in a national election. This was not a narrow victory either; Catherine won the largest (…)
Depression and creative destruction

26 October 2025 - by Michael Roberts

The latest economic activity indicators called purchasing managers indexes (PMIs) confirm that the major economies are still crawling along – neither slipping into slump nor picking up pace. The global PMI stands at 52.4 in September (any score (…)
Invisible Shipwreck Victims

22 October 2025 - by Fernanda Gadea

Continue to give a voice to those who do not have one. In a world where news changes at the speed of a click, it is easy for new conflicts to replace old ones, for tragedies to begin to fall into oblivion, and for the most fragile voices to (…)
The AI bubble and the US economy

16 October 2025 - by Michael Roberts

The US stock market continues to hit new record highs; the bitcoin price is also close to highs and the gold price has rocketed to all-time highs. Investors in financial assets (banks, insurance companies, pension funds, hedge funds etc) are (…)
Nepal’s Protests Are the Result of a Blocked Revolution

28 September 2025 - by Sushovan Dhar

When Nepal became a republic in 2008, it aroused hopes for a fundamental transformation of Nepali society. The inability of Nepal’s left parties to deliver on those hopes created a mood of discontent among young people that exploded over the last (…)
Should central banks be ‘independent’?

10 September 2025 - by Michael Roberts

US President Donald Trump announced that he had fired Lisa Cook, a member of the Federal Reserve Board of Governors. Trump says that she committed mortgage fraud by taking out two mortgages, claiming both properties as her primary residence, back (…)
Norway: the fossil fuel capital of Europe

8 September 2025 - by Michael Roberts

Norway has a general election today. In a country of 5.6m people, some 4m are entitled to vote and there is usually a high turnout by international standards – over 75%. Indeed, early voting has become increasingly popular, with up to 60% (…)
Bangladesh’s Garment Boom, Workers Still in Chains

25 August 2025 - by Lovely Yesmin

[More than a year has passed since the fall of Sheikh Hasina’s government in Bangladesh. While the pro-democracy movement was projected as being led primarily by students and youth, tens of thousands of ordinary working people also joined the (…)
Tariffs and the US economy

5 August 2025 - by Michael Roberts

Last week, the mega tech companies – the so-called Magnificent Seven – presented their latest earnings results. They appeared to be ‘blockbuster’. They painted a picture of a booming economy, supporting President Trump’s assertion that America (…)
A look in the rearview mirror: The vicious cycle of debt

21 July 2025 - by Ernest Mandel

On the anniversary of Ernest Mandel’s death on July 20, 1995, we are republishing an article he wrote during the first Third World debt crisis. The article was originally published in Inprecor, No. 217, April 1986. In this article, Ernest (…)
AHE 2025: imperialism, China and financialisation

27 June 2025 - by Michael Roberts

Last week the annual conference of the Association for Heterodox Economics (AHE) took place in London. I quote from the AHE website: “Formed in 1999 to provide an annual conference where all heterodox (that is, Post Keynesian, Marxian, Sraffian, (…)
Ecosocialism : an alternative to break with capitalist civilizational crises

12 June 2025 - by Jawad Moustakbal

CADTM is pleased to share the presentation by Jawad Moustakbal, a member of CADTM’s Shared International Secretariat, delivered at the 13th session of the 13th Asian Regional School, which took place at the International Institute for Research (…)
South Korea: under pressure

3 June 2025 - by Michael Roberts

South Korea goes to the polls on Tuesday to elect a new president after some tumultuous months following the attempted coup by the right-wing president Yoon Suk-yeol to arrest opposition leaders and close down parliament, where Yoon did not have (…)
Geonomics, nationalism and trade

20 May 2025 - by Michael Roberts

Geonomics is a new term for international economic theories and policies. According to Gillian Tett at the FT, in the past, “it was generally assumed that rational economic self interest ruled the roost, not grubby politics. Politics seemed to (…)
Tariffs, Triffin and the dollar

14 April 2025 - by Michael Roberts

Despite Trump backing off from implementing his bizarre reciprocal tariffs imposed on every country in the world (including the penguin-only inhabited islands of Heard and McDonald), two thousand miles south west of Australia, the tariff war is (…)
Crude capitalism, new centres of capital accumulation and the Middle East’s place in global imperialism: An interview with Adam Hanieh

2 April 2025 - by Federico Fuentes, Adam Hanieh

[Editor’s note: Marxist scholar Adam Hanieh will be speaking at Ecosocialism 2025, September 5-7, Naarm/Melbourne, Australia. For more information on the conference visit ecosocialism.org.au] Adam Hanieh is a professor of Political Economy and (…)
From welfare to warfare: military Keynesianism

24 March 2025 - by Michael Roberts

Trump’s strategy has panicked the European ruling elites. They are suddenly concerned that Ukraine will lose to the Russian forces and before long Putin will be at the borders of Germany or as UK premier Keir Starmer and a former head of MI5 both (…)
Trump’s MAGA and deregulation

3 March 2025 - by Michael Roberts

Trump sees the United States as just a big capitalist corporation of which he is chief executive. Just as he did when he was the boss in the TV show, the Apprentice, he thinks he is running a business and so can employ and fire people at his (…)
Germany: drained of power; der Kraft beraubt

22 February 2025 - by Michael Roberts

Germany holds a snap election on Sunday and the current coalition government of Social Democrats (SPD), Greens and the Free Democrats (FDP) is heading for a heavy defeat. The main opposition conservative Christian Democrat-Christian Social Union (…)
Trump’s tariff tantrums

19 February 2025 - by Michael Roberts

Over the weekend President Donald Trump announced a batch of tariff increases on US imports of goods from the closest partners of US trade, Canada and Mexico. He proposed a 25% rise in tariffs (with a lower rate for oil imports from Canada). Then (…)
Forecast 2025: roaring or tepid?

6 January 2025 - by Michael Roberts

It’s time to make some forecasts on what will happen to the world economy and its major countries in 2025. Many people reckon that it is waste of time making such forecasts as they are never accurate and quite often the opposite happens. Of (…)
Long cycles

24 December 2024 - by Michael Roberts

I have long been sympathetic to the concept of long cycles in capitalist production and accumulation. This is the idea that capitalist production moves in cycles, not just in booms and slumps every 8-10 years or so, but also there are longer (…)
US economy: an exceptional boom or a bubble to burst?

18 December 2024 - by Michael Roberts

Recently, there has been a spate of articles and commentary about ‘US exceptionalism’, namely that the US economy is bounding forward in terms of economic growth, hi-tech investment and productivity, leaving the rest of the world behind. And so (…)
US election part two: Trump v Harris

5 November 2024 - by Michael Roberts

There’s just one day to go before the US presidential election vote and in this second part of my posts on the US economy, I shall look at the economic policies of the two main candidates. In one sense, who wins matters little to big (…)
The US presidential election: part one – the economy

3 November 2024 - by Michael Roberts

I am doing two posts before the US presidential election on Tuesday. The first is on the state of the US economy; and the second will be on the respective economic policies of the two main candidates, Democrat Kamala Harris and former Republican (…)