“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.
La Izquierda Diario ArgentinaJanuary 25, 2022
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
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
Job Growth or Job Decline, It’s All About Capitalist Exploitation
A recent Wall Street Journal editorial affords a look into the argument the capitalists are having within their class about the most recent Labor Department jobs numbers.
Scott CooperOctober 11, 2021
Competition, Monopoly, and Exploitation under Capitalism
While signing an executive order to expand competition and crack down on monopolistic practices, Joe Biden said that “capitalism without competition isn’t capitalism. It’s exploitation.” His statement reflects a long-standing assumption among both classical and more left-leaning economists alike that increasing monopolization is the source of increasing exploitation under capitalism. What do they get wrong? Economist Michael Roberts explains.
Michael RobertsJuly 17, 2021
Inflation, Interest Rates, and Debt
Accelerating inflation may be an issue right now in the U.S. 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 RobertsJuly 9, 2021