Capitalist crisis

Capitalist crisis

Food, trade and slumpflation

August 11, 2023 Michael Roberts
The latest measure of U.S. consumer price inflation for July actually showed an uptick in the year-on-year rate to 3.2% from 3% in June.  That is mainly a result of comparison (‘base effects’, they are […]
Capitalist crisis

The new banking crisis

April 17, 2023 Barry Sheppard
As Marxist economist Sam Williams discusses on his “Critique of Crisis Theory” blog, in early March, Silicon Valley Bank (SVB) in California — the “favorite bank of the area’s tech companies and associated venture capitalists” — […]
Capitalist crisis

The capitalist crisis is just beginning

April 8, 2023 Gary Wilson
 Worldwide there is a “cost-of-living” crisis. Inflation is raging. Food prices are out of reach. Access to housing is collapsing, with unsheltered homelessness up more than 30% in U.S. cities. New apartment sizes have […]
Capitalist crisis

The impending world recession

January 21, 2023 Prabhat Patnaik
The IMF managing director Kristalina Georgieva has now openly admitted that the year 2023 will witness the slowing down of the world economy to a point where as much as one-third of it will see […]
Capitalist crisis

High prices, low pay: a Marxist analysis of inflation

August 26, 2022 Gregory E. Williams
Based on remarks at the Socialist Unity Party national plenum on Aug. 13. The global working class is being hit hard by inflation. But what is inflation, and how can we understand both its causes […]
Capitalist crisis

Wages, prices and the minimum wage

July 16, 2022 Sharon Black
Today the federal minimum wage is $7.25! Let that sad fact sink in. Right now you can barely buy a gallon of gas in some parts of the country with that little cash. July 24 […]
Capitalist crisis

Capitalist profit drive fuels war, inflation, wage loss

June 15, 2022 Gary Wilson
 President Joe Biden used the phrase “Putin’s price hike” again in a reaction to the June 10 Consumer Price Index report revealing continued high inflation. Biden isn’t a comedian, like that guy Zelensky in […]
Capitalist crisis

Dollar dominoes

May 1, 2022 Gary Wilson
Will Washington’s seizure of $300 billion Russian assets end domination of dollar as global currency? On Feb. 26, the U.S. blocked Russia’s access to over $300 billion in foreign reserves held in banks in the […]
Capitalist crisis

Washington’s economic war on Russia (and Germany)

April 27, 2022 Gary Wilson
In February, President Joe Biden made it clear that the U.S./NATO military escalation in Europe was not about Ukraine. Since taking office in 2021, President Biden has been more focused on Germany and Russia, in […]
Capitalist crisis

Biden gives Big Oil a win, gas prices going up

February 24, 2022 Gary Wilson
On Feb. 22, President Joe Biden announced new sanctions on Russia and on the company that built Nord Stream 2 and its German CEO. These sanctions will mean higher gas prices in the U.S. as […]