According to Marxist theory, the Tendency of the Rate of Profit to Fall (TRPF) leads to recurrent crises under capitalism. It’s a helpful device for framing the history of modern capitalism, from the profitability crisis of the 1970s to the 2008 financial crash.
Heathrow Airport’s controversial plans to build a third runway have been thrown into doubt after a court ruling. Read here
The nation-state remains the best foundation for capitalism, and hyper-globalisation risks destroying it Read here
Is it supply that drives an economy or demand? Read here
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