Recent data has caused alarm amongst the ruling class, suggesting that inflation has become entrenched. In response, central bankers are looking to provoke a slump in the hope of quelling price rises.
The latest news shows that the world economy is once again taking a turn for the worse. The Eurozone is in recession. China is slowing down sharply. The US is teetering on the brink. Another […]
As inflation continues to cut into the living standards of workers, some businesses are posting record profits. Some have pointed the finger at price gouging and the excess profits of big business as the cause.
It is clear that we have entered a new chapter in the crisis of world capitalism, which the strategists of capital themselves are at a loss to explain.
The Keynesian model, so beloved of all reformists is exhausted. That fact is expressed in a huge mountain of debt that looms over the entire world economy. And sooner or later, mountains experience avalanches that […]
Recently, a rash of interest rate hikes have caused mortgage rates to multiply, government borrowing rates to spiral, and now a recession looms.
The “cost-of-living” crisis is not an isolated problem that can be solved through a patchwork of piecemeal reforms. It is another symptom of a sick system; the latest chapter in the ongoing crisis of capitalism.
Fuel price hikes in Indonesia have been met with mass demonstrations that have spread from city to city as tens of thousand take to the streets.
On Saturday, between 70,000–100,000 people gathered in Wenceslas Square in Prague, calling for the resignation of Petr Fiala’s right-wing coalition government.
Thousands of workers took to the streets across South Africa to protest against the massive cost of living crisis, which has hit the working class and poor people especially hard.
The passage of the Inflation Reduction Act has been celebrated in the liberal press as a great victory. In reality, the ruling class is rearranging the deck chairs on a sinking ship.
Today, the suffering of the masses is growing more and more acute with each month that passes. The world is once more approaching a period of revolutionary upheaval.