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ISMAEL HOSSEIN-ZADEH & ANTHONY A. GABB – Financial Oligarchy vs. Feudal Aristocracy

Under the feudal mode of production, peasants were often allowed to cultivate plots of land for themselves on a rental basis. However, those tenant farmers rarely succeeded in becoming landowners in their own rights because a major share of what they harvested was taken away by landlords as rent, often leaving them with a bare subsistence amount of what they …

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Richard D. Wolff – Capitalism – Not China – Is to Blame for the Current Global Economic Decline

Capitalism, like a speeding train, barreled into a stone wall in 2008. Shocked and dazed, its leaders have been trying to “recover.” By that, they mean to fix the mangled tracks, reposition the locomotive and cars on those tracks and resume forward motion. No basic economic change, in their view, is needed or even considered. They see no absurdity in …

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Prof. James Petras – Imperialism and Capitalism: Rethinking an Intimate Relationship

he literature on imperialism suffers from a fundamental confusion about the relationship between capitalism and imperialism. The aim of this paper is to remove this confusion. The paper is organised in three parts. In Part I we state our own position of the capitalism-imperialism relation. In part II we discuss some major points at issue in the Marxist debate on …