Capitalist System in Meltdown

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.

Doctors in protective suit virus
Coronavirus Outbreak Threatens World Economy

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.

Solving California’s Housing Crisis: Reformism or Revolution?

The contradictory impasse of capitalism has led to skyrocketing housing costs and homelessness—while at the same time, millions of homes stand empty.

Trump at Davos 2020
The Mood in Davos: Doom and Gloom as Crisis Looms

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.

Uber Workers vs the “Sharing Economy”

The class struggle within Uber is rippling through global markets. We analyze here the dynamics and repercussions of the so-called sharing economy.

Trump and Xi at the G20
Trump, China, and the Coming Crisis

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.

bezos grin
The Amazon Empire Strikes Back

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.

Homeless Camp in Oakland, CA
Housing Crisis in California: Socialist Policies Needed!

Dozens of major cities in the United States are dealing with housing crises, but California exhibits some of the most acute symptoms.

Donald J Trump
Trump Blinks Again as the World Economy Stutters

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.

Lockheed Martin F-22A air-to-air missile
All Wars Are Hedge Fund Managers’ Wars

The triad of defense officials, defense contractors, and fund managers forms the altar upon which soldiers and civilians alike are sacrificed around the world.

Capitalism is crisis Occupy London
Capitalism: Not Too Big to Fail

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.

Baby Boomers Woodstock
Did Baby Boomers "Ruin the Economy?"

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.

ISSUE 22 IS OUT NOW!
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