The Anti-Quarantine Protesters Are Serving the Interests of Capital

In Michigan and other states, thousands of right-wingers have taken to the streets demanding that businesses and schools be reopened. They might look like a few lone conspiracy theorists, but they are being financed by billionaires and cheered on by the Wall Street Journal.

Global Economic Crisis and COVID-19: The Reign of Uncertainty

The coronavirus pandemic is imposing extremely dire circumstances on capitalism worldwide. This could not only drag us into a global depression but could also pose the possibility of war.

Will Coronavirus Unleash the Next Great Recession?

Most mainstream journalism tends to assume or report on the capitalist economy’s problems — and its politics — as emanating from “outside.” Be it the triumph of Brexit, Trump’s election, the U.S.-China “trade war,” the coronavirus pandemic, or the current stock market cataclysm, everything seems to emerge as if “lightning in a calm sky” or, […]

Trump’s Response to the Pandemic: Demagogy for Workers and Billions for Billionaires

President Trump has gone from dismissing the coronavirus to declaring a national emergency, making an agreement with the Democrats to take exceptional measures. The head of the Institute of Allergy and Infectious Diseases, Anthony Fauci, called the policy response "a failure.” Trump's policies are aimed at securing the financial and big pharmaceutical businesses, while the working class increasingly suffers from the crisis.

We Won’t Pay for This Crisis: An Emergency Program to Protect Working People

The spread of the COVID-19 virus has caused not only a world health crisis, but may also cause a deep economic depression. The fabric of society is becoming strained to the breaking point, and social, economic, and political catastrophes are already erupting in a variety of forms.

The Virus & the Working Class

The following article was originally published on economist Jack Rasmus’ blog. It discusses the implications of the coronavirus crisis for the working class and what an alternative response could look like.

Trotsky as a Guide for Analyzing the World Situation

Trotsky developed a method to analyze “capitalist equilibrium” and the perspectives for socialist revolution. This is a useful tool to help us orient ourselves in today’s convulsive times.

Is There a New Economic Boom?

Trump says the U.S. economy is “the best it’s ever been.” The data tells a much different story. What is the true state of the economy under Trump?

The U.S.-China Trade War and the Race for Global Hegemony

The escalating trade war with China has U.S capitalists trembling. Yet they simultaneously crave access to the Chinese domestic market. A battle for global hegemony looms on the horizon.