Economy
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 Cozzarelli
June 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 Roberts
May 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 Rosenzweig
March 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 Mi
August 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 Remacha
August 19, 2022
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, 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 Hof
June 18, 2022
Food, 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, 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.
Sam Carliner
April 22, 2022
Protests 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, 2022