Hurricanes, Droughts and the Basic Weakness of Marxist Critique

By: Saturday August 30, 2014 4:00 pm

Ismael Hossein-zadeh has an essay this week about how Marxism is better than Keynesianism at explaining the current terrible economic picture, and has better prescriptions for fixing it as well. To me the article is a great example of both the strengths and (greater) weaknesses of Marxist critique.

Marxist critique is strongest in describing the nature of capitalism and the environment it seeks to create. Capitalism seems to gravitate toward a permanent “reserve army of labor” – lots of out of work people who would love to have a job. Having a pool of idle but willing unemployed puts pressure on those who do have jobs. It puts downward pressure on wages, discourages organizing, and gives maximum leverage to the employer.

So far, so good.

 

Rush Limbaugh Calls Pope Francis ‘Marxist’

By: Thursday November 28, 2013 12:02 pm

Unlike many, Rush Limbaugh found Pope Francis’ rebuke to neoliberalism entirely out of step with Christian values. In fact, Limbaugh claimed it was “pure Marxism coming out of the mouth of the pope.” Which is stunning on a number of levels.

FDL Book Salon Welcomes Richard D. Wolff, Democracy at Work: A Cure for Capitalism

By: Sunday April 7, 2013 1:59 pm

Richard Wolff’s latest book, Democracy at Work: A Cure for Capitalism, makes provocative observations about our economic woes and proposes thoughtful solutions. His writing is concise and clear so even if you do not agree with his perspective on the world you come away with a clear understanding not only of what he thinks, but why you’re thinking doesn’t align with his.

You will read about such ideas only rarely in the news pages of mainstream magazines and newspapers – and then typically in a tone that is, at best, jaundiced. Wolff gets even less attention from radio, television and cable programs, with the lone exception of Bill Moyers who has been shunted off to a time slot guaranteed to minimize his audience.

Why the fear of an aging professor? Almost certainly it is because Wolff is widely regarding as America’s leading Marxist economist.

Lakeside Diner

By: Tuesday May 1, 2012 4:45 am

A variety of links to articles/interviews/speeches on current issues that may be of interest.

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