If crises are the test of a nation, Western Europe is failing
The financial crisis and the pandemic have shown how Western Europe deals with crises. And it’s not pretty, writes Paul Ormerod Karl Marx certainly had the ability to encapsulate a complex phenomenon in a pithy and memorable paragraph. In a pamphlet on the Crimean War of the 1850s he wrote: “The redeeming feature of war […]
Our automated future is brighter than Karl Marx or Mark Carney would ever suggest
Mark Carney, the governor of the Bank of England, hit the headlines at the weekend, claiming that Marxism could once again become a prominent political force in the west. Automation, it seems, may not just destroy millions of jobs. For all except a privileged minority of high-tech workers, the collapse in the demand for labour […]
Catalonia tries to avoid repeating history, but Spain has economic reality on its side
Karl Marx famously wrote: “History repeats itself, first as tragedy, second as farce”. The phrase might well have been coined with Catalonia in mind. Generalissimo Franco began a military coup against the elected Spanish government in the Canary Islands in 1936. The battle spread across Spain, and Catalonia was the last redoubt of the Republic […]
