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Economy

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

The 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, 2022

Ukraine-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, 2022

Rising 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, 2022

Companies 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, 2022

Corporate 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