The social costs of the next recession will be borne first by the working class. No level of sustained economic growth under capitalism will reverse the exploitation of workers that drives that growth.
On November 5, there will be City Council elections in Seattle. Amazon is directly intervening in these elections with a view toward defeating council member Kshama Sawant.
Dozens of major cities in the United States are dealing with housing crises, but California exhibits some of the most acute symptoms.
Stock markets have experienced a roller-coaster ride over the past two months, as Trump’s erratic trade policy has brought the world economy to the brink of recession.
The triad of defense officials, defense contractors, and fund managers forms the altar upon which soldiers and civilians alike are sacrificed around the world.
The stage is set for another convulsive economic disruption. The coming crisis will bring to the surface all the accumulated frustrations of the so-called boom years.
The idea that the personality traits and lifestyle choices of a given generation could “ruin” the economy stems from an idealist view of history and society.
Amazon has amassed a level of wealth and consolidation that is at times difficult to comprehend, exposing the absurd contradictions of capitalism.
Trump’s trade war poses a disproportionate threat for the farming sector, bringing the president into conflict with agribusiness and broad swathes of his base.
On paper, the world economy seems to be doing great. Yet, 10 years after the the global financial crisis, a crisis of new proportions is looming on the horizon.
Between January 2017 and April 2018, more than a third of the largest newspapers in the United States laid off workers.
From the standpoint of revolutionary socialism, we have every reason to be optimistic. Unlike the capitalist class, we have history on our side.