A treatise on the challenges facing workers — and potential solutions — that advocates socialism at the turn of the 20th century.
‘Waiting to Die’ by Paul Krafft from Capital and Labor (1907)
The reverend William Schuler Harris’ Capital and Labor (1907) frames its titular subjects as locked in a perennial struggle, “dating back to the time when the Egyptians laid the lash upon their slaves”. Writing in the early twentieth century, Harris is skeptical of the “orator [who] frequently soars into ecstasies over the privileges of the American workers”, for he sees how the labor force is suffering under the “galling yoke” of trusts and monopolies. Substitute those scourges of the Gilded Age with unfettered multinational conglomerates and something similar holds true today. The author’s list of obstacles facing workers are as relevant now as they were more than a century ago: the needs of “civilized life” increase more rapidly than wages; the skilled worker remains at…
Preface | The World After Capital
Since publishing the previous version of The World After Capital, I have met with people across the political spectrum to discuss the ideas from the book. When I present these in person, I emphasize that the ideas are neither left nor right but forward (credit to Scott Santens who first used this phrase about Universal Basic Income). My writing, however, at times has alienated readers who identify as being more on the right. In this new edition, I am therefore making an extra effort to emphasize how both my diagnosis of where we are at and my suggestions for how to move forward do not map onto the existing political divides. Instead this is a new way of understanding our challenges and opportunities that can be the basis for movements and parties that are not trapped in Industrial Age ideology.
Le nouveau capitalisme (1/3)
Traduction de "New capitalism in America. Richest capitalists and richest workers are increasingly the same people" de Branko Milanovic
Imperialism, the Highest Stage of Capitalism
[1] Written in Zurich in January-June 1916. Lenin began to take note of new developments in capitalism long before the outbreak of the First World War. In several of his writings from 1895 to 1913—”Draft and Explanation of a Programme for the Social-Democratic Party” (1895-96); “The War in China” (1900); “The Lessons of the Crisis” (1901), “Review of Home Affairs” (1901); “Concentration of Production in Russia” (1912); “The Growth of Capitalist Wealth” (1913) “Backward Europe and Advanced Asia” (1913); “The Historical Destiny of the Doctrine of Karl Marx” (1913); “Concerning Certain Speeches by Workers’ Deputies” (1912), and others—Lenin pointed out and analysed some characteristic aspects of the imperialist epoch— the concentration of production and the growth of monopoly; the export of capital; the struggle for new markets and spheres of influence; the internationalisation of economic relations; the parasitism and decay of capitalism; the growth of contradictions between labour and capital and the sharpening of the class struggle; and the creation of the material conditions for the transition to socialism. He devoted special attention to exposing predatory colonial policy, the fight for a division and redivision of the world, and the preparation of imperialist wars of aggrandisement. In his article, “Marxism and Revisionism”, written in 1908, he came out against the attempts to revise Marxism and undermine it from inside under the pretext of amending and correcting the theory in particular, Marx’s theory of crises. Lenin wrote: ‘The forms, the sequence, the picture of particular crises changed, but crises remained an inevitable component of the capitalist system. While uniting production, the cartels and trusts at the same time and in a way that was obvious to all, aggravated the anarchy of production, the insecurity of existence of the proletariat and the oppression of capital, thereby intensifying class antagonisms to an unprecedented degree. That capitalism is heading for a breakdown—in the sense both of individual political and economic crises and of the complete collapse of the entire capitalist system— has been made particularly clear, and on a particularly large scale, precisely by the new giant trusts” (see present edition, Vol. 15, pp. 35-36). Lenin kept abreast of all the latest writings on capitalism, as will be seen from his review of Hobson’s The Evolution of Modern Capitalism. In August 1904, Lenin began a translation of Hobson’s Imperialism, the manuscript of which has not yet been found. It was on the outbreak of the First World War that Lenin undertook a comprehensive study of the monopoly stage of capitalist development This was required by the working-class revolutionary struggle in Russia and other capitalist countries. In order to provide correct leadership for the revolutionary movement and combat the ideology of imperialist reaction and the reformist policy of conciliation with imperialists, it was necessary to see one’s way in the key economic question without a study of which there was no understanding of the assessment of modern war or modern politics, namely: the economic essence of imperialism”. Lenin must have started his close study of the writings on imperialism in mid-1915, when he was in Berne, for his first indexes of literature, plans, extracts, notes and summaries date to that period. The preparatory materials for Imperialism, the Highest Stage of Capitalism (Notebooks on Imperialism) make up about 800 printed pages. They contain extracts from 148 books (including 106 in German, 23 in French, 17 in English, and 2 translations into Russian), and 232 articles (of them 206 in German, 13 in French, and 3 in English) from 49 periodicals (34 German, 7 French and 8 English). In early January 1916, Lenin accepted an order for a book on imperialism from the legal Parus Publishers, founded in Petrograd in December 1915. Lenin wrote to Maxim Gorky on December 29, 1915 (January 11, 1916): “I am getting down to the writing of a pamphlet on imperialism” (see present edition, Vol. 35). In the early part of February 1916, he left Berne for Zurich, where he continued to collect and work on materials on imperialism. He worked at the Zurich Cantonal Library and ordered books from other towns. On June 19 (July 2), 1916 Lenin wrote to M. N. Pokrovsky, who was then living in France and editing for Parus a series of pamphlets about West-European countries during the First World War: “Today, I sent you a manuscript by registered mail” (see present edition, Vol. 35). The manuscript, which was mailed with the letter, did not reach Pokrovsky, and another copy had to be sent. Besides, the publishers suggested that the finished manuscript should be shortened from eighty to fifty pages, but Lenin objected because “it is absolutely impossible to cut it down once again and squeeze it into fifty pages” (ibid.). When the book reached the publishers, Menshevik elements among the management deleted from the book parts sharply criticising Kautsky and Martov, and made corrections in the text which not only distorted Lenin’s style but also his ideas. Thus, Lenin’s terms pererastaniye (capitalism growing into imperialism) was altered to prevrashcheniye (transformation); reaktstonny kharakter (reactionary nature of the theory of ultra-imperialism) to otstaly kharakter (backward character), etc. In mid-1917, the book was published under the title Imperialism, the Latest Stage of Capitalism(A Popular Outline) with a preface by Lenin, dated April 26, 1917.
annotations: Un bref essai sur les différences entre Marx et Keynes
Traduction française de "A short essay on the differences between Marx and Keynes" de Branko Milanovic
Anarchy and modern convenience
A major part of anarchy and socialism is the concept of anti-work. An obsession with work is a colonial, patriarchal, and capitalist construct. As such, the anti-work movement—a focus on working less overall and sharing labor more equally—is an important part of decolonization, feminism, and anti-capitalism. A common criticism of this is that reducing the amount everyone works to something like 20 hours a week instead of 40+ means we would have to give up a lot of conveniences.
Thomas Piketty’s “Capital”, summarised in four paragraphs
A very brief summary of "Capital in the Twenty-First Century"
Cannibal Capitalism
Shortlisted for the Deutscher Memorial Prize 2023 Capital is currently cannibalizing every sphere of life-guzzling wealth from nature and racialized populations, sucking up our ability to care for each other, and gutting the practice of politics. In this tightly argued and urgent volume, leading Marxist feminist theorist Nancy Fraser charts the voracious appetite of capital, tracking it from crisis point to crisis point, from ecological devastation to the collapse of democracy, from racial violence to the devaluing of care work. These crisis points all come to a head in Covid-19, which Fraser argues can help us envision the resistance we need to end the feeding frenzy. What we need, she argues, is a wide-ranging socialist movement that can recognize the rapaciousness of capital - and starve it to death.
Cyber-Marx
In this highly readable and thought-provoking work, Nick Dyer-Witheford assesses the relevance of Marxism in our time and demonstrates how the information age, far from transcending the historic conflict between capital and its laboring subjects, constitutes the latest battleground in their encounter. Dyer-Witheford maps the dynamics of modern capitalism, showing how capital depends for its operations not just on exploitation in the immediate workplace, but on the continuous integration of a whole series of social sites and activities, from public health and maternity to natural resource allocation and the geographical reorganization of labor power. He also shows how these sites and activities may become focal points of subversion and insurgency, as new means of communication vital for the smooth flow of capital also permit otherwise isolated and dispersed points of resistance to connect and combine with one another. Cutting through the smokescreen of high-tech propaganda, Dyer-Witheford predicts the advent of a reinvented, "autonomist" Marxism that will rediscover the possibility of a collective, communist transformation of society. Refuting the utopian promises of the information revolution, he discloses the real potentialities for a new social order in the form of a twenty-first-century communism based on the common sharing of wealth.
Le grand basculement capitaliste
À propos de : Jérôme Baschet, Quand commence le capitalisme ? De la société féodale au monde de l'économie, Crise et critique
Egypt, The New Republic: Hunger strikes on the rigs, digital sweatshops & factories cleared for capital
Labor dispatch!
Pluralistic: America and “national capitalism” (18 Feb 2025) – Pluralistic: Daily links from Cory Doctorow
Thomas Piketty's 2013 unexpected bestseller (a 750 page economics book translated from French!) Capital in the 21st Century, offers a very convincing explanation of our political decay, and it continues to serve this purpose as the decay undergoes alarming acceleration:
Thomas Piketty's Capital: everything you need to know about the surprise bestseller
The radical economist's book Capital in the Twenty-First century has angered the right with its powerful argument about wealth, democracy and why capitalism will always create inequality, says Paul Mason
John Maynard Keynes: the cultured economist who governments turn to in a crisis
A new play about the art-loving Bloomsbury Group member speaks of the enduring battle of ideas with his free-market rival Friedrich Hayek
Capitalism Without Humans
As new technologies (not immigrants) replace human labor, "machine breaking" as a tactic of rebellion is taking on a renewed vitality.
Market Socialism | The Paper Pilot
The Paper Pilot's digital garden of thoughts on philosophy, politics, and sociology