Marxist Theory Featured

Governments everywhere are pumping money into the world economy to keep it on life support. Followers of Keynesian ideas – of government stimulus and demand-side management – feel vindicated. But only Marxism offers a solution.

Hieronymus Bosch was one of the most remarkable and original painters of all time. His works were painted five hundred years ago, yet they seem astonishingly modern, anticipating surrealism. This is the art of a world in a state of turbulence, torn by contradictory tendencies – a world in which the light of reason has been extinguished and where animal passions have gained the upper hand. A world of terror, violence and plague: a living nightmare. In short – a world very like our own, particularly given the current pandemic. Alan Woods examines Hieronymus Bosch from the standpoint of historical materialism. Originally published 23 December 2010.

Today is the 45th anniversary of the Fall of Saigon. Prior to this denouement, from 30-31 January 1968, 70,000 North Vietnamese soldiers, together with guerrilla fighters of the NLF, launched one of the most daring military campaigns in history. The Tet Offensive was the real turning point in the Vietnam War. In 2008, on its 40th anniversary, Alan Woods analysed the events that led to the Vietnam War and the significance of the Tet Offensive in bringing about the defeat of US imperialism, and drew some parallels with Iraq.

The following article was written at the end of February and the first days of March, just before the world was hit by the crash of the stock markets on the 9 March and the full impact of the coronavirus pandemic. This sharp change in the situation obviously also changes the plans of the ruling class. But the underlying economic and political tendencies at play are still the same, although the issue of climate change obviously was pushed to the background. In the case of the Green parties, their character as parties of the ruling class is even-further confirmed in these times of crisis.

The history of Bolshevism from the very early days right up to the Russian revolution contains a wealth of lessons on how it is the class struggle that provides the final answer to the women’s question. In this article Marie Frederiksen looks at the approach of the Bolshevik Party to the women’s question from its early days, right through to the revolution and after taking power. Originally published 8 March 2017.

In his article entitled 'Long Economic Cycles', Kondratiev argued that, in addition to the normal trade cycle of capitalism of between seven and eleven years, there existed longer cycles, the average duration of which was fifty years. He concluded that the capitalist system passes through "long waves", in which each downswing is followed by an upswing which can last for decades. It is this latter assertion that was rebutted by Trotsky. And though it has regularly made its reappearance, enjoying a temporarily fashionable status, it has no solid basis either in fact or in theory. In this article, originally published in 2000, Alan Woods explains why.

In the year 2000 we published this article by Leon Trotsky on capitalist development. The purpose then was to underline the fact that although capitalism was experiencing a boom, the period we had entered was actually one of overall capitalist decline. As we explained in the introduction “Rather than a new upswing, capitalism is heading for a new slump and a downward curve of development similar to the interwar period.” This was confirmed by the 2008 financial crisis and subsequent events. We are republishing it as an aid to understanding the period we have been through and where we are going.

The shock result of the Irish general elections, which put Sinn Féin on top in terms of votes, has sent the Irish ruling class into a panic. No matter what road they take, the next period will be one of great political turbulence.

"If it ain't Boeing, I ain't going". Up until recently, this was the slogan many pilots and passengers had adopted when flying or boarding an aircraft. It was a nod of respect for the Seattle aircraft manufacturer that brought America into the jet age with airliners like the 707, the three-engine 727 that followed, and the “Queen of the Skies” – the 747. How times have changed!

The IMT has spent the past year commemorating the March 1919 centennial of the Third (Communist) International's founding. In particular, we celebrate the extraordinary promise and lessons of its first four congresses. But just a few years after it entered the scene of history, the Comintern suffered a sudden, dramatic, and irreversible decline. What happened? How was all that potential squandered and turned into its opposite?

All the reactionaries are crowing. Donald Trump expressed particular delight at the result. “Congratulations to Boris Johnson on his great WIN!” the US President wrote on Twitter. “Johnson secures crushing UK election victory,” exuded the Financial Times, as the pound rose on foreign exchange markets.

This article was first published in German by the comrades of Der Funke, the IMT in Austria. Here we provide an English translation on this important question of Queer Theory. Is it compatible with Marxism? Can there be such a thing as “Queer Marxism”? Yola Kipcak in Vienna replies in the negative, and explains why.

In this talk from the recent Revolution Festival, hosted by Socialist Appeal in Britain, Marie Frederiksen – editor of the Danish Marxist paper 'Revolution' – discusses the impact of the Berlin Wall, which was broken apart 30 years ago today, on 9 November 1989. This marked the beginning of the end for the Stalinist regimes of Eastern Europe and the Soviet Union.

Capital emerged on the stage of history “dripping blood from every pore” – to use Marx’s famous words. Josh Holroyd describes the violent and tumultuous birth of capitalism out of the embers of feudal society.