“Boom and Bust” In 2008, America and the world entered into another recession, a financial crisis, or as some would call it a bust. It has been noted by economists for over a century now that the capitalist economy has… Read More ›
Economy
Review: Glenn Beck’s “Revolutionary Holocaust: Live Free or Die”
Part III of VI: How Beck Turned Marx Into A Common Racist Glenn Beck and Jonah Goldberg cite examples of Marx’s supposed “anti-Semitism” in connection with Hitler. What Goldberg is referring to are Marx’s words on the economic status of… Read More ›
Review of “Fast Food Nation”
What Is the Error of this Book? This book will doubtlessly go down in history as the favorite palm book of the elitist, petty-bourgeois American social democrats and liberals. If you are looking for a manual on how to look… Read More ›
Killing Two Capitalist Myths
There is a widespread popular myth that the capitalists are entitled to their compensation, as well as the value of other peoples’ labor, simply because they take “risks” or because they come up with original ideas for production of goods…. Read More ›
A Peoples’ Economic Recovery
By Krista Lee Hanson The current economic crisis people are facing in this country—especially the millions of workers losing their jobs, the unemployed and underemployed who can’t find work, and the millions of families facing eviction from their home—offers… Read More ›
The Myth of the Boss as a Victim
Lately, various ideas and concepts that have been more heavily promoted in popular capitalist-owned media and culture for years are suddenly noticeably peculiar/ sinister. The one concept that has struck me most recently as both strange and completely absurd is… Read More ›
Unemployment at its Highest in Decades
As we look at the crisis today, we see more and more that what Karl Marx said on the double character of capitalism rings truer than ever. In this system, “when wealth is produced, poverty is produced also.” In the… Read More ›
Half of US Children, Most Black Children, Will Use Food Stamps
The results of a recent Cornell University study are shocking: 90% of black children, 90% of children in single-parent homes and nearly 50% of American children as a whole will eat meals provided for by food stamps at one point… Read More ›
Actually, It’s the System
[Please note that the APL does not necessarily endorse the political line of the author] Capitalism In Crisis: Actually, “It’s the System, Stupid” At the capitalist system’s core lies its central conflict. On one side, corporate boards of directors pursue… Read More ›
Atlas is Going to Shrug
One of the more disturbing trends I and many others have noted during this rise of radical right-wing extremism in the US is the popularization of the ideology of Ayn Rand. Surely some of the readers have noticed the people… Read More ›
Review of “Capitalism: A Love Story”
First of all, I will give Moore credit for making certain ideas mainstream (what other remotely progressive or even politically challenging material are you going to see at a multiplex cinema?), and for his interviews with the working people of… Read More ›
Obama Is Not A Socialist
Barack Obama, the messiah of the reformist left, represents to many just as what his posters display—“Hope” and “Change.” He is simultaneously denied a hundred-fold by socialists everywhere, but this does not stop people, both on the street and in… Read More ›
Health Care, Workers’ Union Rights & Much More: “We Can Get it If We Try”
In the words of the great rock-singing group, Sly and the Family Stone, “You Can Make It If You Try.” Those were encouraging words then and are very appropriate today. We are hearing, too often, that we can get Health… Read More ›
Welfare Queens
If there’s anything that we can all agree on, it’s our hatred of these fools leeching off the government and the labor of the working class. The government has already given them over a trillion dollars, and their still coming… Read More ›
Labor Theory of Value, a Simple Explanation
We will start this explanation of the labor theory of value with an analogy from outside the sphere of economics. A teenage boy is arguing with his mother about borrowing the car. A shrink watches their interaction and he doesn’t… Read More ›
The Red Phoenix 