On the Monday after Thanksgiving, General Motors (GM) announced in a written statement that they would be closing five plants and cutting 14,000 jobs. Included in the proposal for cuts are plants in Ohio, Michigan,...
Read More →Ten years after the crisis of 2008, official unemployment is low and stock prices are high. But many working people see a different reality — wages are stagnant, the cost of living is skyrocketing, and...
Read More →The background of the current midterm elections is a chaotic situation for U.S. capitalism – an out-of-control dysfunctional regime in the White House and a growing political radicalization in society, starting first among young people...
Read More →Trump’s tariffs raise international tensions and could derail global economic growth Vincent Kolo, chinaworker.info The trade war between Washington and Beijing looks set to escalate. The Trump administration is poised to impose tariffs – a punitive...
Read More →Murat Karin, Sosyalist Alternatif (CWI in Turkey) Turkey held snap elections on 24 June, out of which the ruling AKP and President Recep Tayyip Erdoğan arose seemingly triumphant. But at the heart of Erdoğan’s decision...
Read More →Mariana Mazzucato’s new book is a detailed exposé of the parasitic character of modern capitalism, drawing on Karl Marx’s theory of the source of value creation. But understanding the law of value is only a...
Read More →What now for the world economy? All is not well with capitalism. Economic jitters parallel political volatility. Stock market highs in December turned to mass share sell-offs in February. Colossal personal and governmental debt stalks...
Read More →Trump Provokes New Conflicts Per-Åke Westerlund, from Offensiv (the weekly paper of CWI Sweden) This article appeared in the Swedish socialist newspaper Offensiv on March 14, one week before the U.S. government further escalated trade...
Read More →People’s Bank of China governor warns economic bubble could burst chinaworker.info statement (2nd in our three-part series of articles on October’s 19th Congress of the Chinese Communist Party) There are a great many “Ponzi” features present...
Read More →The financial crisis of 2007/08 delivered a shock to the capitalist system from which it is yet to recover. It cut across globalisation – and the triumphalism that followed the collapse of Stalinism. HANNAH SELL...
Read More →The realities of Seattle’s $15/hr minimum wage are troublesome for conservative Chicken Littles who warned that it would collapse Seattle’s economy. Propelled by workers and led by 15 Now and Socialist Alternative, the $15 movement...
Read More →On the Monday after Thanksgiving, General Motors (GM) announced in a written statement that they would be closing five plants and cutting 14,000 jobs. Included in the proposal for cuts are plants in Ohio, Michigan,...
Read More →
