Michael Roberts blog
Blogging from a Marxist economist
Recent Analysis
US economy: jobs and AI
The US economy expanded only at an annualised 1.4% in Q4 2025, well below forecasts of 3%, the advance estimate of real GDP showed. And over the whole 2025, the US economy expanded 2.2%, or below the 2.4% rate in 2024. The boasting of Trump and his advisers of a US boom doesn’t look quite…
Venezuela: the end game
The kidnapping of Venezuela’s President Maduro and his wife by US military forces, the subsequent takeover by the Vice President Rodriguez and her agreement to allow the US to control Venezuela’s oil export revenues and to bring in US energy multi-nationals to invest – all this signals the end game of the Chavista revolution that…
Replacing capitalism – not with socialism, but with democracy?
Leading left economists Jason Hickel and Yanis Varoufakis jointly wrote an article for the British newspaper, the Guardian this week. It was headlined as “We can move beyond the capitalist model and save the climate – here are the first three steps.” Jason Hickel is professor at the Autonomous University of Barcelona and a visiting…
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