Recession

A Sign of Capitalist Decline: Pink Slips Hit Tech Workers Hard

February 3, 2023 UNAC Editor Austerity, Labor, Labor Struggles, Migrants, War on the Poor

by Otis Grotewohl, published on Workers World, February 2, 2023 You can buy a paperback copy of this book on Amazon for $298.99, get a Kindle copy for $15.98 OR read it for free online here: https://www.marxists.org/history/etol/writers/marcy/hightech/index.html [jb] In a vulgar display of capitalist greed, indicative of the system’s state of decay, high tech companies have laid off more than 58,000[…]

The Working Class and the Global Capitalist Crisis

May 25, 2022 UNAC Editor Austerity, Capitalism, Economics, Labor, Resistance, Sanctions and Economic Warfare, Socialism

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,[…]