Best of
Economics

1913

The Accumulation of Capital


Rosa Luxemburg - 1913
    In January 1919, after being arrested for her involvement in a workers' uprising in Berlin, she was brutally murdered by a group of right-wing soldiers. Her body was recovered days later from a canal. Six years earlier she had published what was undoubtedly her finest achievement, The Accumulation of Capital - a book which remains one of the masterpieces of socialist literature. Taking Marx as her starting point, she offers an independent and fiercely critical explanation of the economic and political consequences of capitalism in the context of the turbulent times in which she lived, reinterpreting events in the United States, Europe, China, Russia and the British Empire. Many today believe there is no alternative to global capitalism. This book is a timely and forceful statement of an opposing view.

The German State on a National and Socialist Foundation


Gottfried Feder - 1913
    First published in 1923, before Hitler‘s rise to power, this first ideological formulation of the National Socialist state by Gottfried Feder highlights the early economic focus of the NSDAP in creating a state freed from the fundamental economic distortions of society through the credit system of the banks, with its exploitative interest on large loan capital, and the stock-exchange system, with its alienation of capital from work.The National Socialist solution to the debilitation of Aryan nations is seen to consist in a strengthening of the state on the basis of social justice whereby the state assumes control of its economy through nationalisation of its central bank and supervised distribution of its industrial goods.Such a state naturally also demanded the exclusion of exploitative and anti-national communities from the public life of the German nation.