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.
Trump is preparing a full-scale trade war with China, with potentially devastating consequences for the world economy.
Trump’s proposed 2019 budget includes drastic cuts to public assistance programs. This will only increase the misery already faced by millions of Americans who struggle with hunger.
Only the working class can build a globally connected network of production, distribution, and exchange, based on solidarity and human need.
There are more than five times as many vacant homes as homeless people in the US, but the “invisible hand” of the market is completely disinterested in those at the bottom of society.
If Trump carries through on his threats to impose big tariffs on steel and aluminum, the world economy could plunge into another deep slump.
The Republican tax plan was, in fact, made possible by the Democrats’ purely cosmetic resistance to it. This is because both parties fundamentally agree: working people must pay.
The Student loan industry’s parasitism is matched by the Democratic Party’s unwillingness to take them on.
Neither taxation nor privatization will keep our water clean, bridges safe, or roads intact. Taking control over these essentials means a fight against those who hold them–and us–hostage under a failing system.
Alan Woods discusses the current turbulence and volatility in the global economic, political, and social situation.