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Há 4 dias · Capitalist or bourgeois-democratic revolution. Revolutions in Britain in the 17th century and in France in 1789 abolished feudalism and established the essential requisites for the development of capitalism. Trotsky argued that these revolutions would not be repeated in Russia.
Há 4 dias · Marxian economics and its proponents view capitalism as economically unsustainable and incapable of improving the population's living standards due to its need to compensate for the falling rate of profit by cutting employees' wages and social benefits while pursuing military aggression.
Há 14 horas · Lenin Lives. Image: own work. After a brief break, we welcome the return of our series, Lenin in a Year, in which we explore the many writings – some more and some less well-known – of history’s greatest revolutionary, V. I. Lenin, in this centenary year of his death. In our last instalment, Lenin had arrived back in Russia in April 1917.
Há 1 dia · US policymakers generally believed that support for economic development in poorer countries would help create global stability, which would limit military threats and strengthen the global capitalist system.
Há 5 dias · Recently, I’ve been reading quite a lot of economics books and trying to dig deeper into the history of capitalism. It’s telling that an econ postgrad (me) who spent 4 years studying complex macroeconomical models and econometrics can’t even explain how capitalism came to be. Years later I am still wondering as, unfortunately, none of my teachers covered this topic. Neither did any of ...
Há 1 dia · Along with Leon Trotsky and the Bolshevik party, Lenin (1870–1924) led the socialist October Revolution that “shook the world” in 1917. Class conscious working-class people are increasingly looking to Lenin’s life and ideas to help find a solution to a capitalist world of wars, oppression, alienation, and inequality.
Há 4 dias · Why Late-Development Breeds Authoritarianism. Capitalist development, the rise of the bourgeoisie, and the rise of the middle class will bring democratization according to the conventional expectation of modernization theory (Inglehart and Welzel 2005; Lipset 1959). This thesis has been challenged by both scholars and observers of the reality ...
