Economy

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.
Esteban Mercatante
July 13, 2022Federal Reserve’s Plan to Curb Inflation Is an Attack on the Global Working Class
This week, the Federal Reserve announced that it will increase interest rates in response to inflation. The burden of these measures will fall disproportionately on the working class, both domestically and abroad.
Matías Hof
June 18, 2022Food, Famine, and War
If anything proves that famine and food insecurity are man-made, it is the current food crisis that is putting millions globally close to starvation.
Michael Roberts
June 7, 2022Angry 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.
Sam Carliner
April 22, 2022Protests Reach Fever Pitch in Sri Lanka Amid Historic Economic Crisis
In Sri Lanka, the government has imposed a state of emergency to control protests and mass anger over a deepening economic crisis that has led to debilitating shortages of food, fuel, and basic goods.
Sou Mi
April 2, 2022The 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.
Otto Fors
March 25, 2022Ukraine-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.
Michael Roberts
March 25, 2022Rising Gas Prices Slam Workers Across the United States: Is There a Solution?
The working class is bearing the brunt of rising oil prices — and not only at the gas pump. All signs point to gasoline continuing to cost more and more. It’s not just about Russian oil and the invasion of Ukraine. It’s how capitalism works to enrich the few at the expense of the world’s masses.
Scott Cooper
March 12, 2022Companies 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.
Clara Mallo
March 6, 2022Corporate Profits Soar Even amid Rising Inflation
As inflation chips away at our paychecks, the bosses are making more than ever.
James Dennis Hoff
February 11, 2022