Nèdeem Elmahjoub's blog

 “They can now see that the reformist leaders are in benevolent accord with the bourgeoisie, and the worst of it is that these masses have now lost their faith not only in the reformist leaders, but in socialism as a whole. These masses of disappointed socialist sympathizers are joined by large circles of the proletariat, of workers who have given up their faith not only in socialism, but also in their own class.” — Clara Zetkin Is there fascism in Brazil?

Imperialism, globalisation and the profitability of labour

The unsevered umbilical cord that leaves large swathes of the Global South economically reliant on their old colonial powers, even after formally attaining national independence, is the  structural dependence  of these peripheral states on foreign credit and investment, which has long been provided to them by private banks, international investors and financial institutions in the advanced capitalist countries. Subjecting the nature of this structural dependence to closer theoretical and empirical scrutiny may therefore allow us to approach the problems faced by “the new debt colonies” from a somewhat different angle, enabling us to better understand the more subtle contemporary forms of financial subjugation operating at the structural and institutional level that serve to reproduce these deeply entrenched international power asymmetries over time, even in the absence of territorial control or outright military intervention. The New Debt Colonies should be read along with Imperial

"David Harvey denies imperialism"

Capital.150: part 3 – struggle!

Capital.150 part two: the economic reason for madness

" My main point was that the current dominance of finance capital was not achieved only by force but also by what Gramsci called “consent.” Against "progressive neoliberalism"