Paul Mason

Trump's Advisers Want a New Civil War - We Must Not Let Them Have It

A controversial and divisive US president is elected. State governments defy his will. Popular discontent erupts into low-level violence in several states. And then what?

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The End of Capitalism Has Begun

The red flags and marching songs of Syriza during the Greek crisis, plus the expectation that the banks would be nationalised, revived briefly a 20th-century dream: the forced destruction of the market from above. For much of the 20th century this was how the left conceived the first stage of an economy beyond capitalism. The force would be applied by the working class, either at the ballot box or on the barricades. The lever would be the state. The opportunity would come through frequent episodes of economic collapse.

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How to Turn a Hipster into a Capitalist Tyrant in One Evening

The choices were stark: sack a third of our workforce or cut their wages by a third. After a short board meeting we cut their wages, assured they would survive and that, with a bit of cajoling, they would return to our sweatshop in Shenzhen after their two-week break.

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To Move Beyond Boom and Bust, We Need a New Theory of Capitalism

This is the year that economics might, if we are lucky, turn a corner. There’s a deluge of calls for change in the way economics is taught in universities. There’s a global conference at the Organisation for Economic Co-operation and Development in Paris, where the giants of radical economics – including Greek finance minister Yanis Varoufakis – will get their biggest ever mainstream platform. And there’s a film where a star of Monty Python talks to a puppet of Hyman Minsky.

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