Capitalist crisis

Capitalist crisis

In response to capitalist economic turmoil, war funding soars

January 30, 2022 Gary Wilson
Wall Street and the stock market have been like a roller coaster. On Jan. 24, stocks were falling, with the S&P 500 Index down 3.8%, the Dow Industrial Average down 2.7% and the Nasdaq Composite […]
Capitalist crisis

Baltimore protest demands relief for unemployed

July 10, 2021 Struggle-La Lucha Baltimore bureau
On July 6, the Unemployed Workers Union (UWU) picketed the Maryland Labor Department office in Baltimore, demanding an emergency meeting with Secretary of Labor Tiffany Robinson. “We’ve heard from people all across the state who […]
Capitalist crisis

Unemployment and inflation: Economic recovery for capitalists doesn’t mean recovery for workers

July 6, 2021 Gary Wilson
President Joe Biden said after the June jobs report: “Our economy is on the move.” Biden was referring to the Department of Labor report released July 2 which said that job growth in June was […]
Capitalist crisis

Fight attacks on unemployed workers coast to coast!

July 3, 2021 Scott Scheffer
July 2 — Governors of 26 U.S. states have opted to reject federal benefits for unemployed workers that were enacted in March 2021 as part of the Coronavirus Aid, Relief and Economic Security (CARES) Act. […]
Capitalist crisis

Why is U.S. capitalism so decayed?

April 9, 2021 Stephen Millies
Millions of people in Texas lost their heat, lights and water two months ago during a winter storm. The state’s profit-hungry utilities didn’t want to spend money winterizing natural gas pumps and other equipment. Over […]
Capitalist crisis

GameStop mania: The real losers in Wall Street gambling

February 3, 2021 Gary Wilson
How crazy is the stock market? The stock of the totally bankrupt Blockbuster Video chain store — all stores closed in 2014 — surged more than 700% on Jan. 26. The stock of AMC, the […]
Capitalist crisis

Interview on U.S. crisis: ‘Capitalist establishment did not take the danger seriously’

February 2, 2021 Panagiotis Papadomanolakis
The following interview was published on the Greek website Kommon on Feb. 1. The author is an activist, journalist and translator who edits the website GuernicaEU, which publishes Greek translations of revolutionary news and analysis […]
Capitalist crisis

When the game stops: who’s really manipulating the market?

January 29, 2021 Michael Roberts
‘Hedging’ used to be a way reducing the risk of selling or buying.  Farmers waiting for their harvest to come in are uncertain about what price per bushel they will get at the market: will […]
Capitalist crisis

For real solution to crisis, build working-class solidarity

January 25, 2021 John Parker and Gary Wilson
Donald Trump made racism the core of his campaign and encouraged the recent coup attempt at the Capitol in order to negate especially the votes of Black people, who suffer a history of voter disenfranchisement […]
Capitalist crisis

Wall Street’s New Year’s party: Dancing on the backs of poor workers

January 4, 2021 Gary Wilson
“Wall Street sets new highs to end 2020,” the Associated Press reported on Jan. 1, 2021.  “Wall Street closed out a tumultuous year for stocks with more record highs on Thursday, a fitting coda to […]