Browsing the "Economy" Tag →

New technological innovations are having a huge impact on the capitalist system, a subject explored in a new book, The Zero Marginal Cost Society. Peter Taaffe, general secretary of the Socialist Party (CWI England &...

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What’s wrong with the U.S. economy? That’s a question being asked not only by working people, but also by the so-called experts. The economy declined a shocking 2.9% in the first three months of the...

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China’s Great Slowdown

July 24, 2014

Signs the Mammoth Property Bubble is Finally Bursting Belie Beijing’s Upbeat GDP Data by Vincent Kolo of chinaworker.info, reposted from socialistworld.net On July 16 the Chinese government released its GDP figures for the second quarter,...

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Imagine a world of seven billion people in which 85 of the richest individuals own more wealth than the bottom half of humanity combined. Such a world is where we live....

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Editorial note: We received the following report from a socialist activist in the Bay Area. John Taylor stepped off a Navy ship in Oakland in 1968. Behind him was Vietnam. Behind him was the South,...

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Five years ago, the U.S. was in the grips of the worst economic crisis since the 1930s. Nearly nine million jobs were destroyed, household incomes plummeted, and millions of homes were lost. Rubbing salt in...

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Inequality for All is a 2013 documentary film in which former U.S. Labor Secretary under Clinton, Robert Reich, examines the growing gap between America’s wealthy and working classes. Reich quickly traces the fiscal history of...

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It’s been a year since Obama’s re-election in 2012, but the administration’s approval ratings have plummeted to 42% (November WSJ/NBC poll) – the same level of George Bush after the callous handling of Hurricane Katrina in...

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Sweden once had a reputation as some kind of ‘social-democratic model’ with far-reaching public services and social support. But that has been dismantled by two decades of attacks – what the Economist magazine calls a...

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Since the early 1980s, world capitalism has followed a trajectory based on globalisation and neo-liberal policies. Capitalism Unleashed begins with a succinct analysis of the capitalist crisis that followed the end of the long post-war...

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