Corporate Profits Soar Even amid Rising Inflation

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

Biden Wants Us to Celebrate “Good” Economic Numbers, But They’re Only Good for the Rich

President Biden is touting U.S. economic numbers released yesterday as proof of the greatness of his first year. He wants us all to celebrate with him. The next numbers aren’t going to be so good.

“Black Monday”: World’s Stock Markets Fall in Reaction to the Fed and Ukraine

Global stock markets took a serious tumble on Monday as fears over inflation and the conflict in Ukraine affected trading. It has been a bad year so far in capitalism’s network of casinos.

As Inflation Rises, Workers Have Options for Struggle

As inflation courses through the U.S. economy, the ruling class is responding with higher interest rates and other steps aimed at keeping wages lower for the workers who bear the brunt of price hikes. What demands should workers raise to fight the latest capitalist attacks on our standard of living?

Capitalist Bonanza: Share Buybacks Reached Record High in 2021

Share buybacks hit a record high in 2021, enriching investors and executives at the expense of the working class.

2022: More Wealthy People and Far More Poor People. We Need to Fight Back

After almost two years of pandemic, the inequality gap has increased: 10 percent of the global population now receives 52 percent of global income, according to the World Inequality Report.

The Democratic Party and Capitalism’s Economic Contradictions

The Democratic Party is promising that its spending packages will rejuvenate the economy. And that has helped the party bewitch the Left and dampen mass struggle in the United States. But the economic situation today — riven by fundamental, explosive contradictions — shows that those promises are built on sand, and that we need to reject the Democrats and organize for an independent, revolutionary struggle.

Tariffs to Fight Climate Change? It’s a Capitalist Ruse

At COP26, the leading capitalist countries are pushing the idea of tariffs on certain exports as a way to reduce emissions. But these proposals are really about shoring up Western capitalism’s ability to compete with China.

The Climate Conference in Glasgow Is Just “COP-out 26”

The climate crisis demands urgent changes to the world economy. This would require bringing the fossil fuel companies into public ownership and rapidly expanding renewable energy. Yet none of this is on the agenda at COP26.