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Question 1: Dr Marx , you are well known as the author of a book on economics but I think you studied law at university, didn't you? Karl Marx: Although I…

Another blockbuster interview with Michael Hudson.

Review of Costas Lapavitsas: Profiting without producing, Verso 2013 Capitalist exploitation is not just by the boss extracting from the worker, in return for a meagre more-or-less “living wage”, an expansible value-added which may be something like three times what’s paid out in wages. It also comes from making working-class households pay interest on debts which they run up, often on disadvantageous terms, because of their relative poverty and relative lack of power in the markets.

Robert Brenner's critique of the market-focused theories of development which overlook class structures and relations, opening the door for third-worldist ideology.

A text about the state debt crisis and its relationship to the underlying health of capital as measured by the actual profitability of the world's biggest companies. For the most important firms in the US and Europe the recession is effectively over but this doesn't mean anything good for the working class!