Class struggles interact with but are different from power struggles. The ancient conflicts between city-states Athens and Sparta were power struggles, while within each, slaves and enslavers engaged in class struggles. Britain and France were absolute monarchies in late European feudalism fully engaged in power struggles. At the same time, class struggles between lords and […]
By Richard D. Wolff On the one hand, U.S. policy aims to constrain China’s economic, political, and military development because it has now become the United States’ chief economic competitor and thus enemy. On the other hand, U.S. policy seeks to secure the many benefits to the United States of its companies’ trade with and […]
The emerging new world economy displays the unity of opposites and contradictions. Four major developments can illustrate them and underscore their interactions.
The inflation that plagues the United States and beyond results from a decision made by employers.