Stop the Wars at Home and Abroad!

Capitalism’s Looming Crises: From Budget Debt Hyperbole to Banking Disaster

by Jeff Mackler, published on Socialist Action, March 24, 2023 President Joseph Biden presented his third annual budget proposal at $6.8 trillion on Thursday, March 9. A day later Silicon Valley Bank (SVP), in Santa Clara, California, the nation’s 16th largest, declared bankruptcy, followed days later by New York City’s Signature Bank. A half dozen others faced similar and immediate[…]

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General National Strike March 16 in Greece

International PAME, Rail Issues, Solidarity, published on  Labor Today, March 13, 2023 The victims of capitalism raise their voices in Greece.  They are our victims and also a reflection of where we are headed unless we embrace major changes.  It is time for the people to stand up and demand a change of direction.  [jb] New Huge Demonstrations yesterday– Escalation[…]

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The Demise of Davos

by Sara Flounders, published on Workers World, January 24, 2023 The World Economic Forum held its 53rd Annual Meeting in Davos, Switzerland, Jan. 16-20. This gathering of the world’s superrich oligarchs was followed by a Jan. 20 meeting of the NATO protectors and enforcers at Ramstein Air Base in Germany. The NATO meeting ended without the gathered officials even agreeing[…]

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Strike, Strike, Strike

by Chris Hedges, published on The Chris Hedges Report, September 18, 2022 The mounting social inequality is fueling protests around the globe. The global ruling class is determined to prevent these protests from employing the weapon that can bring them down — strikes. The ruling oligarchs are terrified that, for tens of millions of people, the economic dislocation caused by[…]

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Biden’s Student Loan Scam

by Margaret Kimberley, published on Black Agenda Report, August 31, 2022 Capitalist rule dictates that millions of Americans live in debt peonage. It was inevitable that Biden’s student loan debt relief would be a farcical half measure. The Biden administration announcement of so-called student loan debt relief does little to alleviate the problem it claims to solve. Forgiving $20,000 for Pell[…]

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Beyond Capitalism

By Hank Stone, August 31, 2022 A friend recently circulated this summary in email.  It is a clear and focused summary of Smith’s article so, you can see the point and if you want to read the detailed article that inspired this piece it  was published on Truthout a few years ago and is linked in the first paragraph.  [jb][…]

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Capitalism and Baby Formula

by Margaret Kimberley, published on Black Agenda Report, May 25, 2022 The baby formula shortage is not a glitch in the system. It actually exemplifies everything that goes wrong when the profit motive rules. Capitalism can’t ensure a food supply or anything else that humans need. “Socialism doesn’t work” is repeated like a mantra. We’re told endlessly that capitalism provides[…]

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The Working Class and the Global Capitalist Crisis

by Larry Holmes, published on Workers World, May 23, 2022 The following excerpts are from remarks by Larry Holmes, Workers World Party First Secretary, at a May 19 New York City branch meeting.  Most bourgeois economists are now predicting a recession, which is a sharp downturn in the economy. A recession used to be considered cyclical, but this has changed,[…]

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