We are often told that capitalism is the most efficient economic system; that markets are rational tools for distribution; and that only under capitalism can people live free and fair lives. However, while capitalism might enrich a parasitic handful, it is fundamentally a system of oppression and exploitation for the vast majority of humanity. But what actually is this system? How does it work, and not work? How do we bring it down; and what can we replace it with?

The announcement by the Russian Ministry of Defence that its forces had full control of the Ukrainian town of Avdiivka represents a devastating blow to Ukraine and almost certainly a decisive turning point in the war.