First published OTD in 1848, The Communist Manifesto. Published to coincide with the 200th anniversary of Marx’s birth (2018), at a time of deep mistrust in The Establishment, The Communist Manifesto is both a timely reminder of the politics of hope and a thought-provoking guide to the most influential work of political theory ever published.

Much of what Marx and Engels’ proposed – a state education system, a progressive income tax, the nationalisation of banks … More

We live in a time of unprecedented upheaval, with questions about the future, society, work, happiness, family and money, and yet no political party of the right or left is providing us with answers. Rutger Bregman, a bestselling Dutch historian, explains that it needn’t be this way. Bregman shows that we can construct a society with visionary ideas that are, in fact, wholly implementable. Every milestone of civilization – from the end of slavery to the beginning of democracy – was once considered a utopian fantasy. New utopian ideas such as universal basic income and a 15-hour work week can become reality in our lifetime.

This guide to a revolutionary yet achievable utopia is supported by multiple studies, lively anecdotes and numerous success stories. From … More

Governments today in both Europe & the United States have succeeded in casting government spending as reckless wastefulness that has made the economy worse. In contrast, they have advanced a policy of draconian budget cuts―austerity―to solve the financial crisis. We are told that we have all lived beyond our means & now need to tighten our belts. This view conveniently forgets where all that debt came from. Not from an orgy of government spending, but as the direct result of bailing out, recapitalizing, & adding liquidity to the broken banking system. Through these actions private debt was rechristened as government debt while those responsible for generating it walked away scot free, placing the blame on the state, and the burden on the taxpayer.

That burden now takes the form of a global turn to austerity, the policy of reducing domestic wages and prices … More

Born OTD in 1820, Friedrich Engels. Much of what Marx and Engels’ proposed – a state education system, a progressive income tax, the nationalisation of banks – would continue to be at the heart of political debate into the 21st century. It is no surprise, perhaps, that The Communist Manifesto (as it was later renamed) is the second best-selling book of all time, surpassed only by The Bible.

The Guardian’s editorial cartoonist Martin Rowson employs his trademark draughtsmanship and wit to this lively graphic novel adaptation of Marx … More

Costas Lapavitsas contends that the EU’s response to the Eurozone crisis represents the ultimate transformation of the union into a neoliberal citadel, which institutionally embeds austerity, privatisation and wage cuts. Concurrently, the rise of German hegemony has divided the EU into an unstable mixture of wealthy core and dependent peripheries.

These related developments make the EU impervious to meaningful reform, particularly as its institutions are fundamentally designed to uphold the … More

Global finance is a system that works for the few and against the many. We need finance – but when finance grows too big it becomes a curse. The City of London is the single biggest drain on our resources; it sucks talent out of every sphere, it siphons wealth and hoovers up government time. Yet to be `competitive’, we’re told we must turn a blind eye to money-laundering and appease big business with tax cuts. We are told global finance is about wealth creation; the reality is wealth extraction.

Tracing the curse back through economic history, Shaxson uncovers how we got to this point. He exposes offshore tax havens; … More

We are witnessing a new surge of interpersonal & institutional violence against women, including new witch-hunts. This surge of violence has occurred alongside an expansion of capitalist social relations. In this new work that revisits some of the main themes of Caliban & the Witch, Federici examines the root causes of these developments & outlines the consequences for the women affected and their communities. She argues that, no less than the witch-hunts in 16th-17th century Europe & the “New World,” this new war on women is a structural element of the new forms of capitalist accumulation.

These processes are founded on the destruction of people’s most basic means of reproduction. Like at the dawn of capitalism, … More

The turbulence of the financial markets is often explained in terms of the immorality of market agents, misguided economic theory or unsuitable regulation. Even when these explanations are not false ones, they leave aside the main problem: the nature of financial value. Starting out from the concept of fictitious capital, Cedric Durand argues that finance pre-empts future production, appropriating for itself wealth that is yet to be created.

  Using comparative data covering the last four decades, he shows that the rise in private and public debt, the … More