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?
Scott CooperJanuary 5, 2022
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.
Otto ForsJanuary 4, 2022
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.
Luigi MorrisJanuary 1, 2022
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.
Jason KoslowskiNovember 27, 2021
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.
Scott CooperNovember 6, 2021
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.
Michael RobertsNovember 1, 2021
Production Chains, Bottlenecks, and Strategic Positions
With the post-pandemic economic recovery still trying to break through, the United States and other imperialist countries are suffering numerous disruptions to their supply chains. The globalized system of production signals capitalism’s fragility and points to the disruptive potential of working-class sectors that occupy key logistical positions within these chains.
Esteban MercatanteOctober 31, 2021
The Fed, Interest Rates, and Stagflation
Accelerating inflation may be an issue right now in the US and other recovering capitalist economies, but for capitalism, profitability is the real benchmark, and that can be hit by wage rises on the one hand and interest rises on the other.
Michael RobertsOctober 8, 2021
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.
K.S. MehtaOctober 7, 2021
China’s Evergrande: A Serious Crisis, But Hardly an Asian Lehman Brothers
The Evergrande Group, a giant Chinese real estate developer, is on the brink of default. For the Chinese bureaucracy, the crisis is not only an “opportunity to regulate the sector,” as some would have us believe. But it is too early to declare this a Chinese version of the 2008 Lehman Brothers collapse, since the Chinese government will not likely wait for things to reach that level.
André BarbieriSeptember 21, 2021