Category: Political Economy

The Rear Grew Teeth: Europe Rearms the Empire and Builds the Means to Defy It

Europe stands at a crossroads, teetering between aspiration and disillusionment. While citizens envision a unified continent brimming with strength, their faith in existing structures crumbles under the weight of slow responses and dependency on America. With rising defense spending and manufacturing capacities, the stakes are high: will this newfound power serve the elite monopolies or empower the working class? The far-right feeds on feelings of decline, masking deeper questions about control and ownership. The real issue isn't a lack of imagination but the dire need for command: who controls Europe’s burgeoning power? The fight for true sovereignty—socially and politically—has only just begun.

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Peggy Noonan Calls Capitalism Organic: The Wall Street Journal Buries the Violence That Built It

Peggy Noonan's alarm over socialism's surge reveals her flawed analysis: she blames the consciousness of the wounded instead of capitalism, which thrives on historical injustices like dispossession and slavery. As the capitalist structure crumbles under its contradictions—where collective production is shackled by private ownership—Noonan dismisses the urgency of socialism, painting it as a radical force aimed at destruction. Yet, socialism is rising not from whimsical ideology but out of necessity, as younger generations face economic precarity and disillusionment. The question isn’t whether capitalism is natural or just; it’s who truly controls the wealth and future built by the collective.

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The Corpse Got Tenure: French Theory’s American Afterlife

Requiem for French Theory asks a question academia prefers to leave buried: how did a heterogeneous group of French thinkers become a unified radical canon in the United States? Monville and Rockhill trace the foundations, universities, publishers and Cold War institutions that helped make French Theory travel, but the deeper story is more dialectical than conspiracy. Foucault, Derrida, Deleuze and others confronted real contradictions and produced genuine insights even as their work was selectively reproduced, professionalized and detached from mass struggle. The lesson reaches Marxism itself: revolutionary theory needs more than correct ideas. It needs its own means of intellectual production.

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History Against the Formula: August Nimtz, Cedric Robinson, and the Making of Revolutionary Universality

August Nimtz’s "Black Marxism: A Marxist Critique" challenges Cedric Robinson's assertion that Marxism and Black radicalism are distinct, arguing instead that Marx's historical materialism evolved through encounters with colonialism and Black liberation struggles. Nimtz argues that genuine internationalism requires oppressed groups to first forge autonomous political identities before uniting. Using Cuba as a case study, he shows how socialist transformation can materially alter racial dynamics yet acknowledges persistent inequalities. Ultimately, he posits that revolutionary potential arises not just from class position but from active struggle and organization, emphasizing that no class is born universally revolutionary and that political agency must be cultivated through history and struggle.

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The Empire Before Capitalism: How Conquest Built the Atlantic System

The Atlantic conquest connected European powers with global markets, transforming capitalism by intertwining armed states, merchant capital, and coerced labor. Conquistadors sought wealth, while political structures evolved through dynamic relationships that fused established power with new economic systems, ultimately reshaping societies worldwide and paving the way for future capitalism.

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Japan Can Shake the Dollar, but It Can’t Set the Rules: The Yen Inside the Dollar Machine

Reuters treats the yen’s violent swings as a market mystery, but the real story runs through the machinery of dollar-centered finance. Japan is a wealthy imperial-core creditor with enormous reserves and U.S. assets, yet its monetary choices remain constrained by U.S. rates, Treasury markets, imported energy, public debt, and capital flows. That dependence is reciprocal but unequal: Japanese instability can hurt Washington even as Tokyo adjusts inside a system it doesn’t command. And the costs travel downward. Workers win raises, then war-driven oil shocks, currency weakness, and inflation threaten to eat them away—turning monetary sovereignty into a class struggle over who pays.

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The Empire Still Holds the Gates: Multipolarity Builds Roads Around Them

Multipolarity isn't a new empire but a complex web of power dynamics where countries strive for developmental autonomy without severing ties to imperial centers. Though emerging institutions like BRICS and SCO offer alternatives, they reveal a deeper truth: political independence doesn't guarantee economic sovereignty. The geopolitical landscape is increasingly messy; states are interconnected yet vulnerable. For every summits attended and partnerships forged, underlying dependencies remain unchallenged. The real question isn’t where countries sit on a world map; it’s who controls resources and technology within their borders. True liberation from exploitation lies not in diplomatic participation but in addressing internal inequalities and class power.

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The Deed Stays in Caracas: How Washington Commands Oil It Doesn’t Own

Delcy Rodríguez's shocking pivot from anti-imperialist rhetoric to endorsing U.S. oil agreements is less a political betrayal and more an unveiling of Venezuela's fractured sovereignty. The narrative is explosive: as Washington tightens its grip, national ownership of oil assets becomes a hollow claim, with real power shifting to private capital and American influence. The illusion of control is shattered—Venezuelans are left to wrestle with a new reality where contracts dictate who profits from their resources. The stakes are high, as demands for transparency and public scrutiny grow louder; will the oil wealth truly benefit the people, or simply reinforce the power structures in play?

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We Built the Master: Marx and the World That Rules Its Makers

In the Economic and Philosophic Manuscripts of 1844, Marx discovers a contradiction that will haunt the whole development of his critique of capitalism: workers build an expanding world of wealth, machinery, knowledge and social power that returns to rule them as capital. This review follows that insight from wages and estranged labour through private property, colonial history, slavery, money, communism, Hegel and revolutionary humanism. It argues that the manuscripts are neither immature philosophy nor finished Marxism, but a breakthrough under pressure—one already forcing “Man” into history and asking the question that still matters: who controls humanity’s accumulated powers?

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The Collateral of Empire: Debt, Power, and the Future

America's staggering $81.9 trillion debt is more than just a number; it's a complex web of financial claims overshadowing the real economic landscape. The nation's ability to issue dollars grants it a unique power, allowing it to leverage future incomes to accommodate debt—while the average worker grapples with mortgages, credit cards, and student loans. This contradictory system—where public power fuels private finance—disguises the inequality at play. As lenders profit, households struggle, further entrenching societal divides. The U.S. isn’t just a massive debtor; it’s a realm where debt serves as both a lifeline and a constraint, revealing the capitalist dance between ownership and obligation.

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