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
“Strong” January Job Numbers Mask the True Story of Employment in Capitalist America
The United States added more jobs than had been forecast in January. But these numbers mask the quality of jobs and the overall conditions for the working class, and minimize anything that might remind workers of the exploitation that is the foundation of a system that prioritizes profits over human needs.
Otto ForsFebruary 5, 2022
Biden Wants Us to Celebrate “Good” Economic Numbers, But They’re Only Good for the Rich
President Biden is touting U.S. economic numbers released yesterday as proof of the greatness of his first year. He wants us all to celebrate with him. The next numbers aren’t going to be so good.
Scott CooperJanuary 28, 2022
The Fed Will Raise Interest Rates “Soon.” The Capitalists — and Democrats — Are Very Nervous
The Federal Reserve announced today that it would “soon” be raising interest rates — probably in March — in an effort to stem inflation, which has hit its highest levels in the United States since 1982. The Democrats are desperate to keep inflation from becoming an issue in the midterm elections.
Scott CooperJanuary 26, 2022
“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