Peoples' History Walking Tours

08/05/2026

07/29/2026

07/22/2026

The Trump regime is cranking up its attack on the American left. Solidarity will be essential from those of us on the left outside the US.

Rubio report on Cuban subversion names Zohran Mamdani, Amy Goodman, Hasan Piker + orgs like DSA and Amazon Labor Union

07/06/2026

I was unable to deliver my presentation on AI and capitalism to the London Marxism Festival at the weekend due to technical issues.

But here are my slides for that presentation.
https://thenextrecession.wordpress.com/wp-content/uploads/2026/07/can-ai-save-capitalism.pdf

And also here is my article on AI just published in Theory and Struggle, the journal of the Marx Memorial Library.
https://thenextrecession.wordpress.com/wp-content/uploads/2026/07/ai-a-breakthrough-for-capitalism.pdf

AI investment is exploding and driving economic expansion, particularly in the US.

Huge amounts of credit, stock market funds and circular financing are funding this boom.

As yet, no profits are being made; and any productivity boost has been marginal. So a financial bust looks inevitable.

But there still could be a technological revolution after that, but likely spread over up to 20 years before real effects are felt.

AI will only save capitalism if labour is hugely replaced so that profitability for capital rises. Will that happen? The jury is out.

AI will not replace human intelligence and social labour; and it will only benefit humankind if based on common ownership and planning: reducing hours of toil and with labour reaping the benefits of increased productivity rather than profits for capital.