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 MercatanteJuly 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 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.
Sam CarlinerApril 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 MiApril 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 ForsMarch 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 CooperMarch 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 MalloMarch 6, 2022