Michael Roberts worked in the City of London as an economist for over 40 years. He has closely observed the machinations of global capitalism from within the dragon's den. At the same time, he was a political activist in the labor movement for decades. Since retiring, he has written several books. The Great Recession—a Marxist view (2009); The Long Depression (2016); Marx 200: a review of Marx's economics (2018): and, jointly with Guglielmo Carchedi, edited World in Crisis (2018). He has published numerous papers in academic economic journals and articles in leftist publications. He blogs regularly at thenextrecession.wordpress.com.
Ukraine: The Economic Consequences of the WarBy Michael Roberts
In this article, I want to concentrate on the economic causes of this disaster and its implications not only for the future of Ukraine and Russia, but also for the world economy. Of course, economics cannot be divorced from politics; each plays on the other. But to paraphrase Friedrich Engels: in the last analysis, history is driven by material conditions.