First Republic Bank: The Case for Public Ownership

The collapse of First Republic Bank is the latest chapter in the rolling banking crisis in the US. It demonstrates the case for public ownership of the banking system.

‘Don’t Pay UK’ Campaign Gathers Steam as Energy Bills Continue to Rise

At least 109,000 people have signed up for the “Don’t Pay UK” campaign and are set to refuse to pay their skyrocketing energy bills in October.

The Global Economy on a Roller Coaster

As persistent inflation drives economic decisions in the wealthiest economies, we are seeing more-pronounced threats of a global economic slowdown and new crises related to debt and balance of payments.

Inflation: Wages versus Profits

Here, we publish Marxist economist Michael Roberts' analysis of the relationship between wages and profit in the inflationary environment of today.

Angry About High Fuel and Food Prices? Blame Imperialism

Biden is attempting to paint Putin as the sole reason for inflation, while Republicans try to blame Biden. In truth, the entire global economic system that all of these politicians represent is why workers keep being strained.

The War in Ukraine and Sanctions on Russia Are Driving Global Hunger

Russia’s invasion of Ukraine isn’t just harming the working class of both countries — it’s causing global food shortages.

Ukraine-Russia: Like an Economic Earthquake

The war in Ukraine will have damaging economic consequences across the world, and it's happening as the global economy is supposedly recovering from the pandemic slump.

Companies Are Exiting Russia — to Preserve Their Bottom Line

Large multinational companies like IKEA and Toyota are suspending business in Russia. They’ll do whatever it takes to keep up exploitation and profit levels, even under the guise of corporate social responsibility and solidarity.

Corporate Profits Soar Even amid Rising Inflation

As inflation chips away at our paychecks, the bosses are making more than ever.