Davos and the Melting World Economy
The rich elite are meeting in Davos to discuss the challenges facing humanity in 2024, like climate change and AI. But any proposed solutions are driven by the aim to sustain the world capitalist order.
Michael RobertsJanuary 17, 2024
The Debt Ceiling Agreement is an Attack on the Working Class and on the Planet
Joe Biden and Kevin McCarthy’s deal to raise the debt ceiling is a handout to the military industrial complex and an attack on the working class and the planet. Rather than just raising the debt ceiling, a relatively standard practice that allows the U.S. to pay the bills for spending that already happened, this debt ceiling deal caps discretionary spending on everything but “defense” and fast-tracks the Mountain Valley Pipeline.
Tatiana CozzarelliJune 3, 2023
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.
Michael RobertsMay 3, 2023
Biden’s Proposed Budget Nothing but Empty Promises
Earlier this month, Joe Biden announced his budget proposal, with a lot of promises. But the only thing we know he’ll deliver is that “nothing will fundamentally change.”
Molly RosenzweigMarch 31, 2023
Geopolitical Tensions Increase amid Growing Economic and Political Crises
The compounding economic crises and trend toward greater political, trade, and military confrontations between world powers expose the imperialist epoch as one of crises, wars, and revolutions.
Sou MiAugust 21, 2022
‘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.
Jorge RemachaAugust 19, 2022
Federal 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 HofJune 18, 2022
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.
Samuel KarlinApril 22, 2022