Marx Engels Institute

Financial Times has published an opinion piece "Central bankers’ crypto experiments should put investors on alert". We explain what Central Bank Digital Currencies (CBDCs) are, why they are definitely going to happen and overtake other digital currencies including Bitcoin, and how the banking system is a huge scam (like the rest of capitalism). Article: https://www.ft.com/content/8356521a-0bb1-4a80-973b-a9c6d60a0f19

In episode we start with a look at the (wildly overhyped) Pro Act. We then move to a detailed discussion of the major themes of Lenins' "State and Revolution" and talk about why it's an essential work.

We speak about a recent article published in the Financial Times entitled "Bank of Japan wrestles with never-ending stimulus". Our discussion looks at the role of Central Banks in propping up decaying monopoly capitalism, why the Japanese working class has not fought back, the effects that hyper-financialization on Japanese society, and explain in detail how states, monopoly capitalism, and finance capital have completely melded to maintain the exploitation of the working-class. Some articles mentioned in the show: Bank of Japan wrestles with never-ending stimulus: https://www.ft.com/content/60c50f7e-b5df-4df3-9481-6159ca405865 Free access to article copied in a comment on Reddit: https://www.reddit.com/r/finance/comments/m650g6/bank_of_japan_wrestles_with_neverending_stimulus/gr48rbi/?utm_source=share&utm_medium=web2x&context=3 The Class War in Japan: https://www.marxists.org/history/international/comintern/sections/britain/periodicals/communist_review/1922/08/class_war_japan.htm What’s the Fed doing in response to the COVID-19 crisis? What more could it do?: https://www.brookings.edu/research/fed-response-to-covid19/

We look at the issue of borders, using how capitalists use borders within the context of monopoly capitalism. We demonstrate how the contending bourgeois stances of "open" or "restricted" border control makes no sense.

Has Biden reinstituted the New Deal? Social Democracy? Hoxhaism USA?  Or has the much heralded stimulus bill really just another example of the needs of capital being addressed and the left playing salesman for it?  Alex & Leila dive into this and why this has to be seen as another example of dominance of finance capital and the need for the state to act as it's stabiliser.   Outro Music - Ewan Maccoll - The Ballad of Accounting

In this episode our hosts delve into the Meghan Markle scandal and see it as one more piece of evidence of bourgeois decline and degeneracy.  They then turn to an analysis of the seminal work by Lenin "Imperialism - The Highest Stage of Capitalism" and use it's method to analyse our curretn situation.   Outro Music - Ewan Maccoll - The Ballad of Accounting

With Wall Street declaring that they want Covid over and done with by April Alex & Leila examine the states in the US reopening.  They reiterate the case against lockdowns, talk about the gigantic amount of bad science created in the last year and examine the "great reset" theory.   Outro music is "The Ballad of Accounting" - Written by Ewan Maccoll and performed by Maccoll and Peggy Seeger

Are we all all going to be replaced by artificial intelligence? Is the proletariat doomed to be consigned to history and replaced by the robot worker? What is the true state of automation and should we worry about it?  In this episode Alex & Leila dive into the world of capitalist innovation and explain why capitalism for all it's creative powers can never escape the need for workers.   Intro is taken from AT&T Archives - Seeing the Digital Future (1961)  https://www.youtube.com/watch?v=avHo0-qU8xo Outro music is "Computer World" by Kraftwerk form the 1981 album "Computer World" - Composers - Hutter, Schneider, Hult & Bartos

In a special episode Alex & Leila look at the US bombing raid on Syria and examine the history of the war on Syria.  Including a look at the main factions, the history of US and British involvement and pro-imperialist stance taken by much of the US and British left.

In this weeks episode Alex and Leila look at the role of labour unions under captialism, the contraditions that define them, their inherent limitations and why they are still crucial vehicles for class struggle.   The intro and outro to this episode features clips from the Thames Televisions documentary "Arthurs Scargill - Miners" from 1974.  The documentary can be viewed here