Three years of the deepest economic crisis since the 1930s, and no end in sight. The following piece gives a sketch of where things are at. Eddy Laing is the author of the three-part Costs of Empire (to be found here, here, and here on this site), as well as the essay Why Historical Materialism [...]
Posts under ‘Eddy Laing’
Costs of Empire: ‘Time-Bombs’, Guns, Risk, and Anarchy (Part1)
part 2, part 3, pdf version By Eddy Laing “And how does the bourgeoisie get over these crises? On the one hand by enforced destruction of a mass of productive forces; on the other, by the conquest of new markets, and by the more thorough exploitation of the old ones. That is to say, by [...]
Costs of Empire: Time-bombs, Guns, Risk and Anarchy (part 2)
part 1 , part 3 , pdf version By Eddy Laing “Investors said, ‘I don’t want to be in equities anymore and I’m not getting any return in my bond positions,’” said William T. Winters, co-chief executive of JPMorgan’s investment bank … “Two things happened. They took more and more leverage, and they reached for [...]
Costs of Empire: ‘Time-bombs’, Guns, Risk and Anarchy (part 3)
This is the third and concluding part of a three-part essay. part 1 , part 2, pdf version by Eddy Laing Capital roams the planet seeking out markets to acquire and human labor to exploit. Success is the ability to yield super-profits. This neo-liberal dystopia comes to define every aspect of ‘developing world’ economies. The [...]
Eddy Laing: Why Historical Materialism Matters
Why historical materialism matters By Eddy Laing At the core of Marxism is the methodology of historical materialism (HM), which “regards every historically developed social form as in fluid movement, and therefore takes into account its transient nature not less than its momentary existence.” 1 As developed by Marx and Engels, the dialectical materialist conception [...]
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