Billionaires increased their combined global wealth by almost a fifth last year to a record $6tn (£4.5tn) – more than twice the GDP of the UK. There are now 1,542 dollar billionaires across the world. […]
Richard Murphy explains that taxes do not finance govenment spending, but helps to pay down debts. A government creates it own funds or borrows money when it needs it. The idea that a government cannot […]
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 […]
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