Tag: Monopoly power

The Limitations of the Social-Reformist Left and Opposition to a United Front without an Independent Working-Class

Introduction I posted most of the following on Sid Ryan's Facebook page (Ryan was former president of the Ontario Federation of Labour) since he asserted that the radical left have achieved nothing whereas the social-reformist left like himself have achieved much in Canada--in fact making Canada the fifth best place in the world to live. … Continue reading The Limitations of the Social-Reformist Left and Opposition to a United Front without an Independent Working-Class →

Economics for Social Democrats–but not for the Working Class, Part Three: Critique of Jim Stanford’s Theory of Money, Part Three, or How Commodities and Money Dominate Our Lives

Introduction I have already criticized Mr. Stanford's definition of money as purchasing power in two previous posts (see Economics for Social Democrats–but Not for the Working Class, Part Two: Critique of the Social Democrat Jim Stanford’s Theory of Money, Part One   and Economics for Social Democrats–but not for the Working Class, Part Two: Critique of Jim … Continue reading Economics for Social Democrats–but not for the Working Class, Part Three: Critique of Jim Stanford’s Theory of Money, Part Three, or How Commodities and Money Dominate Our Lives →

Economics for Social Democrats–but not for the Working Class, Part Two: Critique of Jim Stanford’s Theory of Money, Part Two

Introduction In a previous post (Economics for Social Democrats–but Not for the Working Class, Part Two: Critique of the Social Democrat Jim Stanford’s Theory of Money, Part One), I questioned Mr. Stanford's theory of money as purchasing power, as well as his implied reduction of Marx's critical dual or twofold theory of commodities to a … Continue reading Economics for Social Democrats–but not for the Working Class, Part Two: Critique of Jim Stanford’s Theory of Money, Part Two →

Economics for Social Democrats–but Not for the Working Class, Part Two: Critique of the Social Democrat Jim Stanford’s Theory of Money, Part One

Introduction In an earlier post, I indicated that Jim Stanford's view concerning the creation of jobs reflects a social-democratic or social reformist position (see Economics for Social Democrats–but Not for the Working Class, Part One: Critique of Jim Stanford’s One-Sided View of Job Creation in a Capitalist Society). In this post and subsequent posts, I will … Continue reading Economics for Social Democrats–but Not for the Working Class, Part Two: Critique of the Social Democrat Jim Stanford’s Theory of Money, Part One →