Wall Street

A Credit Crash Ahead?

With the promise of a vaccine on the horizon, many sectors of capital are hoping that the world economy will spring back soon. But with the economic crisis sending many working people and businesses into significant debt in order to survive, the prospects for such a strong recovery are rapidly narrowing. Originally posted on his blog, “The Next Recession,” Michael Roberts here outlines the possible scenarios for a third leg of the pandemic slump.

Joe Biden: Wall Street’s “Man in Washington”

Wall Street has donated hundreds of millions of dollars to Biden and the Democrats this election cycle, an investment that will no doubt pay big dividends if he is elected. As always, it’s the working class who will be forced to pay the bill.

U.S. Capitalism Confronts Coronavirus — For the Wealthy

As the spread of the coronavirus roils the stock market and upends the social and economic lives of working people in the United States, the federal government is stepping in to address the crisis. But in whose interests?

Organic Crisis and Class Struggle

In March, 2018, delegations from 16 different countries met in Buenos Aires, Argentina for the 11th Conference of the Trotskyist Fraction for the Fourth International (FT). This is the second part of the Document on the International Situation: Economic Tensions and Political Instability.