English

The crisis in the construction industry shows that the Chinese state’s usual methods of dealing with economic problems are less and less effective. jungle world, 15.02.2024 A Hong Kong court has ordered the liquidation of China’s heavily indebted second-largest real estate group, Evergrande. The crisis in the construction industry shows that the Chinese state’s usual […]

The German right wing liberal FDP has successfully sabotaged the European Supply Chain Law Tomasz Konicz, 22.06.2024 Germany’s business associations have once again been able to assert their interests at the EU level. After lengthy negotiations, the EU’s Supply Chain Law, which was due to be voted on by the Council of the European Union

The crisis of capital is driving masses of voters to the AfD – even if influential capital managers publicly polemicize against right-wing extremists. 04.05.2024, Tomasz Konicz, translated by OlIver Blackwell There are indeed fascistic definitions of fascism. These views, most prevalent among the brown decay products of old leftist currents, see fascism, which is often

German „Querfront“: Sahra Wagenknecht’s new party BSW will hardly harm the AfD, but will instead shift the political balance further to the right 04.05.2024, Tomasz Konicz, translated by OlIver Blackwell Above all, it is a legend that many Wagenknecht fans use to talk themselves into joining the Querfront: The entire phenomenon is purportedly directed against

Will stagnation be a permanent condition? An outlook for the world economy after the end of the globalized financial bubble economy. 29.04.2024 Tomasz Konicz, translation by OlIver Blackwell The speculative air is slowly leaking out of the global valorization machine – but hardly anyone seems to have noticed. At the beginning of 2024, the World

Ukraine will lose the war against Russia in the medium term – the only question is how high the price will be 28.04.2024 Tomasz Konicz, translation by OlIver Blackwell How bad is the situation in Ukraine? Well, at the end of November, the White House felt compelled to deny reports that the United States and

How is the United States managing to overtake the eurozone economically? And will this trend continue? 27.04.2024 The United States seems to be leaving the eurozone behind economically. In recent weeks, the leading U.S. and UK business newspapers, the Wall Street Journal (WSJ)[1] and the Financial Times (FT),[2]  have focused on the widening economic gap

What’ll it be? A brief overview of the contradictions of capitalist crisis policy using the United States as an example Tomasz Konicz, 06.03.2024. Translation by OlIver Blackwell It’s party time! The U.S. stock markets recently set off a veritable display of fireworks.[1] On November 3, U.S stock markets closed out their best trading week of

How Leftist German Opportunism Domesticated the Radical Climate Movement Tomasz Konicz, 04.03.2024 The German left has arrived late to the climate crisis – and is still dragging anachronistic ideological baggage with it. Almost every current of the same stock-conservative left that for decades ridiculed or trivialized the climate crisis has now switched to the inflationary

How did the central banks manage to stabilize the financial system for the time being after the “bank quake” in March 2023? And what are the prospects for this form of crisis management? February 29, 2024, Tomasz Konicz The last banking crisis[1] that shook the financial system in March 2023 has long since disappeared from

The wave of anti-fascist protests in Germany represents the last chance to prevent a fascist crisis regime. 02.02.2024 The currently unfolding anti-fascist mass movement seems to be a liberation from the leaden heaviness of years of fascization. Like a mass awakening, millions of people are realizing how far the New Right has already spread into

The fight against the „authoritarian revolt“ of the New Right has a central role to play in the full-blown systemic crisis. A German perspective. Tomasz Konicz, 31.12.2023 Where do all the rightwing populists and right-wing extremists that are increasingly dominating Germany’s and Europe’s political landscape come from? Contrary to popular belief, they do not come

The election victory of self-proclaimed anarcho-capitalist Javier Milei is being celebrated by right-wing libertarians around the world. This neoliberal extremism is successful because other ways of tackling the worsening crisis have failed – not just in Argentina. jungle world, 14.12.2023 (slightly updated here) Finally a revolutionary that the German bourgeoisie can get on board with!

Escape to Mars, upload to the cloud or retreat to the fallout shelter? How the super-rich are preparing for the apocalypse 27.11.2023 In 2017, social scientist and media theorist Douglas Mark Rushkoff received an offer he could hardly refuse. It was by far the highest fee he had been offered for a lecture to an

21.08.2023 Germany: After years of rising prices, apartments and houses are becoming cheaper again in many major cities. The reason is higher borrowing costs for investors and homeowners. But this is not necessarily good news for renters. For a long time, real estate prices in many major German cities seemed to know only one direction:

01.08.2023 The BRICS countries want to create their own currency to end the hegemony of the U.S. dollar. China holds a dominant position in the alliance. In August, after several more or less concrete announcements since 2012, the time has finally come: At its upcoming summit in South Africa, the expanding group of BRICS countries

Tomasz Konicz, Originally published in jungle world on 06/01/2023 More and more countries in Latin America, Africa and Asia are over-indebted or even facing bankruptcy. As a lender, China is also affected by this crisis and has had to grant emergency loans to protect its own banks from payment defaults. The interest rate hikes by

22.06.2023, Tomasz KoniczCan state-capitalist China inherit the United States’ position as global hegemon? If the Russian-Chinese summit declarations and Western assessments are to be believed, the 21st century will be defined as an era of Chinese hegemony. At their Moscow war summit in mid-March, Putin and Xi advocated a “just multipolar world order” that would

Tomasz Konicz, 17.06.2023. Originally published on oekumenisches-netz.de in 02/2023While many elements of Keynesian economic policy are used in the day-to-day crisis, post-Keynesianism is running wild as an ideology on the German left. Whether they are stock-conservative market disciples[1] or staid social-democratic trade unionists,[2] in times of crisis, they are all Keynesians. In every crisis episode

The current turmoil in the financial sphere is only the latest chapter in the late capitalist systemic crisis. Tomasz Konicz, 17.06.2023. Originally published on konicz.info on 03/20/2023 Here’s to a new one? The collapse of the IT industry’s house bank, California’s Silicon Valley Bank (SVB),[1] seems at first glance to herald a new financial crisis,

konicz.info, 19.03,2023 Some reflections on the anti-fascist transformation struggle in the manifest systemic crisis. “It is indeed my opinion now that evil is never “radical,” that it is only extreme, and that it possesses neither depth nor any demonic dimension. It can overgrow and lay waste the whole world precisely because it spreads like a

The threat of nuclear war is greater than it has been since the end of the Cold War konicz.info, 19.03.2023By now it should have dawned on even the last German Putin troll that the Kremlin’s war of aggression in Ukraine is not going according to plan. The best indication of this is Russia’s annexation of

Why the state-capitalist People’s Republic will not be able to succeed the USA as a hegemonic power konicz.info, 19.03.2023 Launched in 2013, the New Silk Road, Beijing’s ambitious investment program in developing and emerging countries, was supposed to usher in an era of Chinese hegemony and make the 21st century a Chinese century – after

konicz.info, 23.02.2023In the unfolding systemic crisis, a renewed plunge into barbarism seems preordained. But this need not be the case. Communism is for us not a state of affairs which is to be established, an ideal to which reality [will] have to adjust itself. We call communism the real movement which abolishes the present state

January 23, 2023, Tomasz KoniczHow the German Left Party wants to use the current crisis as a career springboard through social demagogy. If history is still to be written in the coming decades, 2022 is likely to go down in the annals of human history as the year in which the capitalist climate crisis began

January 23, 2023 It is becoming increasingly clear that the capitalist catastrophe is looming. The left should fight for an emancipatory outcome. Even before all the ideology, megalomania, and opportunism emerged, many left-wing contributions to the debate on Ukraine suffered from a fundamental logical misconception. Much has been written that assumes an easy way out

JANUARY 23, 2023, Tomasz Konicz Who is to blame for the increasing contradictions and distortions of late capitalist societies – and what can be done about it?Who are the rulers in capitalism? Preliminary observations seem to confirm what is, for the most part, the core principle of leftist ideology or theory: it is the capitalist

konicz.info, 01/19/2023 By Tomasz Konicz A new turning point looms in the war over Ukraine – and further escalation with incalculable consequences In retrospect, the recapture of the southern Ukrainian city of Kherson by the Ukrainian army in November 2022, is likely to be identified as the irretrievably lost moment when optimal conditions for serious

Tomasz Konicz, January 3, 2023Over-indebtedness, inflation, the threat of recession and impotent politicians: the current wave of crises is likely to take full hold even in the western centers of the capitalist world system New decade, new crisis? In mid-June, the European currency area, which had already been on the verge of collapse in the

Tomasz Konicz. January 4, 2023 Poor, surrounded by enemies, without allies: Armenia finds itself in a desperate geopolitical situation, as Azerbaijan’s renewed attack shows The timing of the large-scale attack launched in the evening hours of September 12 was perfect. At the same time that Russia’s army was suffering its biggest defeat since the implosion