The state, private sector and market failures: A response to Prof Joseph Stiglitz

by Mahmood Mamdani, Pambazuka

Your Excellency, Mr. President; the Chair, the Honorable Minister of Finance; the Honorable Governor of the Bank of Uganda and the Honorable Deputy Governor, Bank of Uganda,

I assume that the Bank of Uganda has asked me to be a discussant hoping I would raise questions they do not feel comfortable raising. I will take a cue from them and ask Professor Stiglitz questions hoping he will give responses that I do not quite feel comfortable giving.

The Accumulation of Capital

by Rosa Luxemburg, Radical eBook Archive

Rosa Luxemburg was a revolutionary socialist who fought and died for her beliefs. 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.