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Joseph Smith: Rou...
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"The 19th century Illinois countryside sounds like such a godawful place to live. Widespread poverty, loads of debt and staking your family fortunes on commercial gambles, heinous diseases, the most backward superstitions – why would Spanish gold be buried a 1.000 km from the coast?

And amidst all this, the most American Church sunk its roots."
Jul 27, 2026 02:24AM

 
The Wages of Dest...
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"Astonishingly, rather than interrupting the Soviet deliveries to prioritize the Luftwaffe, Goering in early October 1940 ordered that, at least until 11 May 1941, deliveries to the Soviet Union, and thus to the Red Army, should have equal priority with the demands of the Wehrmacht. Even in the immediate prelude to operation Barbarossa, Germany could not afford to do without Soviet deliveries of oil, grain and alloys." Jul 27, 2026 01:16PM

 
Growth: A Reckoning
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“Long dismissed as ideological representatives of the dominant powers, liberal economists have never experienced the pessimism of many modern Marxists regarding economic development of the periphery. It has come as something of a shock to Marxian writers that the empirical evidence on economic growth in the periphery since the Second World War has borne out much of the liberal case. Those countries which adopted strategies of export-oriented growth have achieved the most spectacular performance, while countries favouring self-sufficiency have done relatively poorly. Countries which have resisted distorting market prices have out-performed the heavily interventionist backward economies, which have in varying degrees emulated the Soviet model and and replaced economic mechanisms with direct controls and administrative allocation.”
Michael Charles Howard, A History of Marxian Economics Volume II, 1929-1990

Zak Cope
“British colonial investments in Africa did not generally yield ‘superprofits’ in the form of higher- than-average returns, but coercive labour market regulation (including the widespread use of ‘native reserves’) did secure a ready supply of inexpensive labour that undergirded the profitability of British capital.”
Zak Cope, The Oxford Handbook of Economic Imperialism

“The radical nature of the primacy of politics under National Socialism, however, was rooted in the specific historical disintegration of bourgeois German society (1929-33), of German capitalism (1936-8), and of international politics in the 1930s. The immense political scope of the National Socialist government was not based on the confidence of a politically and economically homogeneous society; on the contrary, it was a result precisely of the disintegration of society. The coincidence of this with the collapse of the international order in the 1930s enabled the National Socialist state to achieve a degree of independence of society which is unparalleled in history.”
Timothy W. Mason, Nazism, Fascism and the Working Class

Henryk Grossmann
“The typical difference that Lenin underscores between the old and the new capitalism does in fact exist, but it bears no necessary causal relation to either competition or monopoly capitalism but is easier to explain in terms of differences between early and late phases of capital accumulation in any given capitalist country at a given stage in the evolution of its technology.”
Henryk Grossmann, The Law of Accumulation and Breakdown of the Capitalist System, Being also a Theory of Crises

Richard Lachmann
“Yet, in most of the world, US power was hegemonic more than coercive. The United States’ offer to serve as policeman of the world has been accepted by a majority of the world since 1945, and by almost the entire world after 1991. Many countries look to the US military’s command of the commons (the world’s airspace and seas as well as outer space) to ensure global order and to protect them from nearby regional powers that, in the absence of American military dominance, could dominate or invade their neighbors. Thus, communist Vietnam, after decades of fighting and millions of deaths to free itself from US domination, eagerly signed up for the Trans-Pacific Partnership and is considering allowing the United States to base warships at Cam Ranh Bay to deflect Chinese power—and of course each and every Eastern European country begged for admission to NATO and the EU, just as Western European governments positioned themselves after World War II within a geopolitical and economic structure designed and controlled by the United States in return for protection from the USSR. American aid through the Marshall Plan came after the recipient governments had already cast their lot with the United States.”
Richard Lachmann, First Class Passengers on a Sinking Ship: Elite Politics and the Decline of Great Powers

1132602 Marx's Capital Volumes I, II, III (Study Group - 2020 and beyond) — 371 members — last activity Jan 06, 2026 05:51AM
We see symptoms of crises all around us, from the immediate "public health" pandemic of COVID19 to repeated "financial" crises to escalating "environm ...more
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