Michael Roberts blog
Blogging from a Marxist economist
Recent Analysis
Further thoughts on the economics of imperialism
Back in 2021, Guglielmo Carchedi and I published a paper in Historical Materialism called The Economics of Modern Imperialism. The paper focused exclusively on the economic aspects of imperialism. We defined that as the persistent and long-term net appropriation of surplus value by the high-technology advanced capitalist countries transferred from the low-technology dominated countries. We…
India: Modi and the rise of the billionaire Raj
A general election in India starts today. 970m Indians, more than 10% of the world’s population, will head to the polls in what will be the largest election in history for the Lok Sabha (House of the People) parliamentary elections. The poll will spread across India and take up to 4 June to complete. Opinion…
The tepid twenties
The semi-annual meeting of the IMF and World Bank starts this week. The agencies and their invited guests will discuss the state of the world economy and the challenges ahead and present policy solutions. At least that’s the ostensible idea. Kristalina Georgieva, managing director of the IMF, has just been re-appointed for another five-year term…
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