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
As Inflation Rises, Workers Have Options for Struggle
As inflation courses through the U.S. economy, the ruling class is responding with higher interest rates and other steps aimed at keeping wages lower for the workers who bear the brunt of price hikes. What demands should workers raise to fight the latest capitalist attacks on our standard of living?
Scott CooperJanuary 5, 2022
Capitalist Bonanza: Share Buybacks Reached Record High in 2021
Share buybacks hit a record high in 2021, enriching investors and executives at the expense of the working class.
Otto ForsJanuary 4, 2022
The Democratic Party and Capitalism’s Economic Contradictions
The Democratic Party is promising that its spending packages will rejuvenate the economy. And that has helped the party bewitch the Left and dampen mass struggle in the United States. But the economic situation today — riven by fundamental, explosive contradictions — shows that those promises are built on sand, and that we need to reject the Democrats and organize for an independent, revolutionary struggle.
Jason KoslowskiNovember 27, 2021
Tariffs to Fight Climate Change? It’s a Capitalist Ruse
At COP26, the leading capitalist countries are pushing the idea of tariffs on certain exports as a way to reduce emissions. But these proposals are really about shoring up Western capitalism’s ability to compete with China.
Scott CooperNovember 6, 2021