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Author: Gary Wilson

Shippingcrisis2
In the U.S.

Wages cut by inflation: Building Back Better or return to austerity?

October 5, 2021 Gary Wilson
Wages are being cut by inflation — the worst round of inflation in 30 years. The dollar store is officially dead. Dollar Tree, the last of the big dollar-store chains selling items for $1 or […]
Gasflation
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 […]
CancelRent2
In the U.S.

Bosses lie about ‘labor shortage’ to keep wages low

June 9, 2021 Gary Wilson
The May unemployment report wasn’t much better than the April disaster.   Business news site CNBC summed it up: “Job creation disappointed again in May, with nonfarm payrolls up what normally would be considered a solid […]
Photo by Jonny White
In the U.S.

Karl Marx: Capitalism produces unemployment

June 6, 2021 Gary Wilson
In Capital, Karl Marx wrote about the laws of capitalism and the ruthless capitalist competition for greater profits. In the drive to increase profits, capitalists try to reduce their costs by increasing productivity through the […]
5ef127c780bd2.image
In the U.S.

Unemployment benefits owed to every worker

May 15, 2021 Gary Wilson
The New York Times has called the Biden presidency “an echo of Franklin Roosevelt.” Today, support for labor unions is broader and more widespread than at any time in the last five decades, including support […]
Lubchanksy
In the U.S.

The boom isn’t happening: Jobs report shows unemployment worsening

May 10, 2021 Gary Wilson
  No matter how you look at it, the Labor Department’s April jobs report is miserable — unless you’re on Wall Street. The stock market hit record highs after the report was released. Business Insider […]
Suga biden
China

U.S.-Japan statement threatens China with nuclear weapons

April 18, 2021 Gary Wilson
On April 16, U.S. President Joe Biden and Japanese Prime Minister Yoshihide Suga, the first foreign leader to visit the Biden White House, issued a joint statement lashing out at China. The statement, which covers […]
Missile
Korea

Korean missile launches are for self-defense

March 28, 2021 Gary Wilson
U.S. President Joe Biden said at his first major news conference that North Korea was a top foreign policy crisis for his administration, and that Washington would “respond accordingly” if Pyongyang continued to carry out […]
Nojob norent
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 […]
Zip ties capitol hostages
Elections

Trump and the Pentagon in coup attempt

January 14, 2021 Gary Wilson
Make no mistake about it: Trump and the Pentagon played key roles in the Jan. 6 coup attempt at the Capitol in Washington, D.C. The Pentagon was deeply involved. Members of the U.S. military, both […]

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