Stopgaps Won’t Stop the Crisis — the Capitalists Must Pay

On Thursday, September 30, Joe Biden postponed the government shutdown. A week later, the debt ceiling was raised by $480 billion. Capitalist crisis is ultimately inevitable unless we fight back with working-class methods.

Stocks Fall, GDP Rises, Workers Always Take a Beating

Regardless of who wins the election next week, the economy is tanking. Rather than recovery, the pandemic and coming recession promise more market volatility and more hardship for the working class. What do the most recent numbers tell us?

Explosions in Beirut: A Disaster in a Country in Crisis and Revolt

A double explosion devastated Lebanon’s capital on Tuesday. This disaster is a tragedy in a country which faces an economic and political crisis, marked by significant mobilizations for a year.

Corporatism is a Feature of Capitalism, not a Bug

Capitalism inevitably leads to billionaires and large corporations dominating all of society, because it is a system designed to funnel the wealth of the many to the few.

Freeze Layoffs: Make the Capitalists Pay

As the coronavirus epidemic stretches on, working people are facing an economic collapse, the likes of which have not been seen since the Great Depression. Organizing to fight for an immediate ban on all layoffs has to be an essential part of any program to protect the working class and to make the capitalist’s pay for their crisis.

Trotsky as a Guide for Analyzing the World Situation

Trotsky developed a method to analyze “capitalist equilibrium” and the perspectives for socialist revolution. This is a useful tool to help us orient ourselves in today’s convulsive times.

Markets, Volatility and Crisis: A Conversation with Tony Norfield, Michael Roberts and Paula Bach

The swings in the stock markets in the United States, Europe and Japan this past week have reignited fears of a financial meltdown. We discussed these recent developments and the immediate prospects of the global economy with three renowned Marxist economists.

The Problem of Reformism

Revolutionaries have classically rejected the reformists’ political method of relying on the electoral/legislative process and the capitalist state. Here is why.

Day Zero is Already Here for Cape Town’s Poor

Cape Town, South Africa is experiencing a drought so severe that the local government has announced the city’s water taps will be shut off indefinitely in 2019. However, for the city’s Black and poor residents, the water emergency has been a reality for years.