Category: Political Economy

Whose Rights?

Date: August 20th, 2020Author: Rob Gowland As you have no doubt noticed, American leaders are fond of proclaiming their devotion to “human rights”. They have to say “human rights” because if they called them “democratic rights” – as they should – it would raise too many awkward questions. Questions like, if the US is such Read More

Time again

Defending the labour theory of value again

Date: May 7, 2020 Author: Paul Cockshott Read moreFirst MTT PodcastThere is a recent currently fashionable idea that Marx did not put forward a labour theory of value. I am surprised at how often I have come across this view over the last 20 years or so. Up until late 20th century, say until the Read More

Historical materialism and the repudiation of subjectivism

Date: May 4, 2020Author: Paul Cockshott This is not a new post but a corrected transcript of a talk given by me, as one of the Worker’s Party of Scotland representatives to the Open Polemic Conference about 25 years ago. Open Polemic was a journal that was formed in the wake of the Soviet collapse Read More

Big Data

Big Data and Super-Computers: foundations of Cyber Communism

I shall be elaborating on the following theses: The inability of 20th century socialism to progress to communism led to the crisis of theUSSR. Communism requires a definite stage of development of technology. This stage was only reached at the very end of the 20th century. But this problem of technical adequacy can not be Read More

Laws of Motion in Capitalism

[I]t is the ultimate aim of this work, to lay bare the economiclaw of motion of modern society – K. Marx, 1867 Preface to Capital, vol. 1 Concepts from classical physics in political economy Read More

Socialist Green New Deal

Proposal for collaborative project to work on green 5 year plan

Paul Cockshott 28 Nov 19 Read moreFirst MTT PodcastIn early November I was presenting a talk on planning algorithms to the Historical materialism conference in London. A major theme of the conference was historical materialism in the context of the climate crisis. One thing that struck me at the meeting was that people seem to Read More

Yes, a Planned Economy Can Actually Work

Leigh Phillips and Michal Rozworski Mega-companies like Amazon and Walmart are already using large-scale central planning. We can wield that tool for good. Socialists need to renew our embrace of democratic planning and fight for a real alternative to capitalism. Read moreFirst MTT PodcastThe latest book in our Jacobin Books series with Verso, The People’s Read More

Why law of value really applies in socialist economies

Date: March 5, 2017Author: Paul Cockshott The term law of value has exoteric and esoteric meanings. The exoteric or superficial meaning is that in capitalist type economy, relative labour values will act as an attractor for relative prices. The more esoteric meaning is that the distribution relations in all societies are constrained by the distribution Read More

Abstract labour and socialism

Date: June 14, 2018Author: Paul Cockshott Allin and I have at times been criticised for proposing the use of labour time accounting in Towards a New Socialism . Surely, people have said, you can not use abstract labour in a socialist economy since abstract labour is a specific historical phenomenon of capitalism? Read moreFirst MTT PodcastThe Read More

Class and the LGTB lobby

Date: August 29, 2017Author: Paul Cockshott It is today taken as almost axiomatic that the left supports the LGTB cause. It came therefore, as a surprise to me to find a communist journalist Gearoid O Colmain arguing  that homosexuals, far from constituting a persecuted minority, are in fact key protagonists of the ruling class and Read More

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