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Drugs companies putting profits before millions of people

Details: Drugs companies putting profits before millions of people's lives. Nearly 40 South African pharmaceutical companies are taking the South African government …

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Ford: Global Company, Global Struggle

Details: In global companies like Ford, the interests of a section of workers on almost every continent are directly linked. The answer to capitalist globalization is to link up workers’ struggle worldwide. Ford Motor Co. is one of the world’s largest auto companies. The company owns more than 100 plants and employs 280,000 workers worldwide.

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Ο παρασιτισμός των μεγάλων φαρμακοβιομηχανιών με …

Details: Τα εμβόλια covid-19 που εισέρχονται αργά στην κυκλοφορία προσφέρουν μια λάμψη ελπίδας για εκατομμύρια απλούς ανθρώπους που έχουν περάσει το μεγαλύτερο μέρος ενός έτους παγιδευμένοι στον φαινομενικά ατελείωτο εφιάλτη

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An introduction to Marx's Labour Theory of Value

Details: Every year the 'Financial Times' publishes its 'Global 500', its list of the biggest companies in the world. Businesses are ranked by market capitalisation, which basically means total share price. In 2001 the biggest firm was General Electric (not to be confused with the British-owned General Electric Corporation). General Electric is a

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The Ideas of Karl Marx

Details: If these 500 companies formed an independent country, it would be the world’s second largest economy, second only to the United States itself. In 2011, these 500 firms generated an all-time record of $824.5 billion in profits—a 16 percent jump from 2010. On a world scale, the 2000 biggest companies now account for $32 trillion in revenues

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Pandemics, profiteering and big pharma: how capitalism

Details: Foreign companies like Charoen Pokphand (CP) were invited to set up shop in Guangdong, introducing vertically integrated operations where the animals, their feed and processing plants were all provided by the same firm. This resulted in an explosion of the number of ducks and chickens produced annually.

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"Bad Pharma"

Details: Pharmaceutical companies bend or withhold scientific data and lie about their drugs, in ways which endanger, harm or kill sick people, to make a profit. That is the shocking reality laid bare in Ben Goldacre’s new book, ‘Bad Pharma: How Drug Companies Mislead Doctors and Harm Patients’. This is a prime example of the way the profit motive rewarded by Capitalism stands in front of human

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COVID-19 vaccines: Big Pharma profits trump human lives

Details: Indeed, many of the companies behind the vaccines lobbied to have regulatory processes relaxed in order to facilitate a quick turnaround. Although given the urgent need for a vaccine, this isn't too surprising, and we should emphasise that clinical trial results for the headline COVID-19 vaccines seem robust. More tellingly, the same survey

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Capitalism's Sickness and its Cure

Details: That work is done by biotech companies, often spun out of university “incubators" which create new drugs with the specific aim of being acquired by or partnering with a major pharmaceutical company. Pfizer, Merck, GSK and even medium-sized companies like Turing are in the game of commercializing and marketing drugs for profit, full stop.

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Genetically-modified food: For human need or corporate …

Details: Companies like Monsanto have not come even remotely close to solving the question of hunger and lack of food. The United Nations’ Food and Agriculture Organization (FAO) estimates that about 870-million people around the world (or, in other words, about one person out of every eight), suffered from chronic undernourishment in the period

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Ford: Global Company, Global Struggle

Details: In global companies like Ford, the interests of a section of workers on almost every continent are directly linked. The answer to capitalist globalization is to link up workers’ struggle worldwide. Ford Motor Co. is one of the world’s largest auto companies. The company owns more than 100 plants and employs 280,000 workers worldwide.

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Ο παρασιτισμός των μεγάλων φαρμακοβιομηχανιών με τα

Details: Italy: For a mass response to the fascist provocation! 12 October; The unification of Latin America: the realism of the ‘impossible’ 12 October Italy: new beginning as Naples office inaugurated – dedicated to Hans-Gerd Öfinger 11 October; Peru: government crisis reveals Castillo’s rightward shift 8 October; Peru: the tasks of Marxists under the government of Pedro Castillo 8 October

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Technology, innovation, growth, and capitalism

Details: Rather than co-operating and sharing knowledge to produce the best phone possible, companies such as Apple and Samsung instead embroil themselves in an endless series of legal cases over the infringement of various patents. Rather than investing in education and applying the most modern techniques in the advanced industrial countries, the

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لا للانقلاب! لا للحرب! ارفعوا أيديكم عن فنزويلا!

Details: Berlin: majority want expropriation of real estate companies 21 October; Britain: Aberfan Disaster – 55 years and still no justice 21 October; Turkey: strike wave marks turning point in class struggle 20 October

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NFTs and SPACs: the insanity of casino capitalism

Details: The frenzy over NFTs and the creation of SPACs to purchase other companies is just another example of how the capitalists are behaving like gamblers at a casino. No value is being created, and nothing productive is taking place. At most, it is a bet that the value of …

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Berlin: majority want expropriation of real estate companies

Details: Landlords’ associations, real estate companies and their political representatives, already engaged in a vicious campaign against the DWE referendum, felt emboldened by the court ruling. But on 26 September they found that there was a price for their victory against the rent cap: 56 percent voted for the expropriation of the large real estate

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In Defence of Marxism

Details: We have just received this letter from Kazakhstan, which contains an important appeal on behalf of workers who have been in struggle under very difficult conditions for the last seven months. The Western media, which is very quick to denounce authoritarian regimes in Libya and Syria, has maintaned a shameful silence concerning the situation in this oil rich country.

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Britain: #NameAndShame – the bosses killing for profit

Details: Construction companies have been making it clear to their workers that they would not be shutting down to prevent the spread of the virus until forced to by the government. Why? Because to do so would put them in breach of contract and potentially cost …

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Venezuela: President Chavez orders investigation into

Details: Speaking during the swearing in of the newly elected PSUV governor of Aragua, Rafael Isea, Venezuelan president Chávez ordered a full investigation into the killing of three trade union leaders in the state and threatened to nationalise any companies which violate workers' rights.

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Fashion Victims: textile and clothing workers worldwide

Details: The other response of textile and clothing companies in the rich countries to foreign competitors has been to make sure that, if they're paying you more than workers in Pakistan or El Salvador, they get more out of you. American clothing bosses have cut costs by mechanising. Whereas only 6% of clothing production in the United States used

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China: 20 percent of China milk companies involved in

Details: The scandal of adulterated milk in China continues to spread. Initially they tried to say it was one company and one top manager, and then they discovered that 22 companies were applying the same criminal practices. At least four babies have died as a result and 50,000 made ill. It is not this or that individual that is to blame. It is the profit motive!

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Migrant workers fight back against extreme exploitation in

Details: In the United Arab Emirates (UAE), the state provides a great amount of cover for big construction companies and other companies hiring migrant workers. For instance, the UAE, along with other Gulf countries, use the “Kafala” system to keep track of their migrant labourers.

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What Causes Capitalist Crises: Under-Consumption or

Details: “What did Marx mean by the contradictions of capitalism?” asks Samuel Brittan, the right-wing economist writing in the Financial Times. “Basically, that the system produced an ever-expanding flow of goods and services, which an impoverished proletarianised population could not afford to buy.

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Science & Technology

Details: Details. Jordi Martorell. 09 March 2001. Nearly 40 South African pharmaceutical companies are taking the South African government to court in order to defend their massive profits, even if this means the death of millions of people who are HIV positive. The case opened at the Pretoria High Court on March 5th.

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Historic FRETECO meeting – workers of occupied factories

Details: A historic FRETECO meeting has recently taken place in Venezuela. The Revolutionary Front of Occupied Factories has met to discuss ideas on socialist companies, workers’ councils, and the building of socialism, marking an important step forward in the revolution.

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Venezuela: Food multinational Cargill nationalised

Details: Cargill, a US-based multinational food company, was refusing to produce rice for the regulated price market. Chavez therefore announced on Wednesday the nationalisation of the company. This is a step in the right direction, but now the rest of the …

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Is housework an “unpaid” job

Details: The capitalists get this labour for free. They do not contribute anything to the raising of the workers who are ready to be exploited in their companies when they enter the labour market. Moreover, the “creator” of this “reproductive labour” (i.e. who reproduces the workforce) is the housewife, who does not receive a penny for this.

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Spain: phoney non–essential activities shutdown

Details: Many non-essential companies will be able to keep production going. Furthermore, the ambiguous wording of the decree will allow many other companies from broad sectors to slip through the loophole. This is the case for telemarketing, included within the telecommunications sector. Everybody knows, except for the government and big businesses

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De Duitse verkiezingen luiden een nieuwe periode van

Details: De verkiezingen van vorige week zondag laten een enorme verschuiving zien binnen het Duitse electoraat. Bijzonder belangrijk is de enorme daling van het aantal SPD-stemmers, gespiegeld aan een grote toename in steun voor DIE LINKE die links van haar staat.

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Economic slowdown: the ruling class fears revolution

Details: Companies have been restocking ahead of possible tariffs if the China-US trade negotiations should go badly. After stripping away trade, inventories and government spending, the economy only increased by 1.3 percent, which is half the rate of the fourth quarter of 2018. In the fourth quarter, the economy grew by a mere 2.2 percent, a fall

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Venezuela: a guerra econômica às vésperas das eleições

Details: Berlin: majority want expropriation of real estate companies 21 October; Britain: Aberfan Disaster – 55 years and still no justice 21 October; Turkey: strike wave marks turning point in class struggle 20 October; South Korea: militant national strike …

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The role of the State in the Italian economy in the 1930s

Details: The oil companies saw the state intervening. The list of companies in which the state was forced to intervene is almost endless. Almost the whole of heavy industry ended up under state control, as did the major shipping companies, the telephone company, etc. Many banks faced bankruptcy and only survived through direct state takeovers.

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[Classics] Anti-Dühring

Details: A classic of Marxism, Anti-Dühring was highly recommended by Lenin as a ‘text book’ of scientific socialism. It was originally written as a polemic against Eugen Dühring, a German revisionist who challenged the basic ideas of Marxism by counterposing his own ‘scientific’ theories within the Social Democratic Party of Germany. Very reluctantly, Engels was forced to take up these ideas

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Venezuela: Chávez appoints workers to lead factories in

Details: The comrades at the head of the companies are taking over factories in a very difficult state. In a sense the situation that they face can be compared to that of Lenin and Trotsky after the taking of power in October 1917. The main task now is to rebuild the nation (and in this case the companies) under the leadership of the proletariat.

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Chile. Resultados de elecciones constituyentes. La

Details: Los resultados de las elecciones a la Convención Constituyente en Chile durante el fin de semana representan un terremoto político, con un fuerte rechazo de todos los partidos establecidos, lo que puede entenderse como la expresión política (distorsionada) de la insurrección de 2019.

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Pakistan: Amar Fayaz wurde freigelassen!

Details: Pakistan Trade Union Solidarity Campaign (PTUSC) 07 January 2021. Wir haben am 3. Januar dieses Jahres die großartige Nachricht erhalten, dass unser Genosse Amar Fayaz aus Pakistan an diesem Tag nach fast zwei Monaten Entführung freigelassen wurde. Die Sicherheitsbehörden hatten ihn in seinem Heimatort abgesetzt.

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GÜNEYDOĞU AKDENİZ'DE SAVAŞ PLANLARINA KARŞI SAVAŞ

Details: Türkiye tarafından ilan edilen Navtex, Girit ve Kastelorizo arasındaki sismik araştırmalar için, Yunan ve Türk devletleri arasında son saatlerde artan savaş gerginliği, Yunan ve Türk burjuvazisi arasındaki, Güneydoğu Akdeniz bölgesinin iki tarafinda olan, gerici çatışmanın bir başka bölümüdür. Bu çatışma bizim değil!

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Presentación de "La Gran Traición", con Alan Woods

Details: Berlin: majority want expropriation of real estate companies 21 October; Britain: Aberfan Disaster – 55 years and still no justice 21 October; Turkey: strike wave marks turning point in class struggle 20 October

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