The coronavirus has become the catalyst for a crash on the stock markets, with drastic slumps everywhere on “Black Monday.” The epidemic has exposed the deep sickness in the capitalist system.
The coronavirus outbreak triggered the biggest wave of stock market losses since 2008. Markets are worried that the virus will have a serious impact on an already weak world economy.
The contradictory impasse of capitalism has led to skyrocketing housing costs and homelessness—while at the same time, millions of homes stand empty.
The out-of-touch elite are meeting in Davos this week for their annual exclusive shindig. But the mood amongst the superrich will be gloomy, with their liberal world order facing threats on all fronts.
The class struggle within Uber is rippling through global markets. We analyze here the dynamics and repercussions of the so-called sharing economy.
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.