In January 2011, a 26-year-old street vendor, Mohamed Bouazizi, lit himself on fire in protest against repeated harassment by police in Sidi Bouzid, Tunisia. This marked the beginning of the Arab Revolution. Bouazizi’s self-immolation was […]
We republish here a graph that was originally published in the New York Times, based on figures from “The State of Working America” by the Economic Policy Institute. It covers the period from 1913 to […]
As the effects of the 2007–2009 “Great Recession” continue to unfold, workers worldwide are beginning to see that capitalism fosters a reactionary psychology that puts the profits of a tiny minority of society above the […]
The effects of the Great Recession continue to unfold with a vengeance in spite of a “formal” recovery. The unemployment rate is still hovering at over nine percent. Since the beginning of 2007, the number […]
In an interview which shocked the BBC News anchor, “independent trader” Alessio Rastani gave a very frank appraisal of his perspectives for the world economy. “This economic crisis is like a cancer; if you just […]
Republican presidential candidate Ron Paul, among others, has advocated a return to the gold standard for U.S. currency. He is worried about inflation and the continued devaluation of the U.S. dollar. Capitalist politicians like Paul […]
The world crisis of capitalism has entered a new stage. Rather than recover, several countries are showing features of a depression. This is an unprecedented situation and shows the deep malaise affecting the capitalist system, […]
A deal to raise the debt ceiling has now been reached, after weeks of incredible fear-mongering on the part of both bosses’ parties and Wall Street, and will reach the President’s desk by the deadline […]
The American Dream has been whittled away over the last few decades. A small health care premium increase here. A smaller wage increase there. A 401k instead of a traditional pension. Fewer days of paid […]
The World Bank, IMF, and EU are subjecting Greece to the most shameless blackmail. They say: either accept draconian cuts in your living standards, or else we will refuse to hand over […]
According to a study by the Governmental Accountability Office, 57 percent of U.S. corporations paid no federal income taxes for at least one year between 1998 and 2005. That same study revealed that 72 percent […]
The rich and their bought-and-paid-for politicians caused this crisis, and now the workers are supposed to pay for it. We say: make the rich pay for the crisis!