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Inflation

Geopolitical Tensions Increase amid Growing Economic and Political Crises

The compounding economic crises and trend toward greater political, trade, and military confrontations between world powers expose the imperialist epoch as one of crises, wars, and revolutions.

Sou Mi

August 21, 2022

‘Don’t Pay UK’ Campaign Gathers Steam as Energy Bills Continue to Rise

At least 109,000 people have signed up for the “Don’t Pay UK” campaign and are set to refuse to pay their skyrocketing energy bills in October.

Jorge Remacha

August 19, 2022

Wars, Inflation, and Strikes: A Summer of Discontent in Europe?

Strikes over wage increases or working conditions are occurring in response to high inflation, aggravated by the aftermath of the war in Ukraine. These labor actions show a change in the mood of the European working class.

Sanctions on Russia: The Collateral Damage and Strategic Risks of the West’s ‘Economic Weapon’

In response to Russia’s invasion of Ukraine, the United States and European Union have imposed unprecedented sanctions on the Putin regime. These measures are severely damaging the Russian economy. They are also disrupting international markets in energy and other commodities. Such large-scale use of the “economic weapon” risks further fragmenting the world economy.

Esteban Mercatante

April 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

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 Cooper

January 5, 2022