This category is for news and analysis of the present-day economic situation. For Marxist economic theory and history, head to Economics.
Starmer is boasting about the UK’s recent trade deals with the EU, USA, and India. But will these deals “deliver for working people”, as Labour promises? And has the Prime Minister delivered the Brexiteers’ dream of ‘Global Britain’? Don’t hold your breath.
In his masterpiece ‘Imperialism’, Lenin explained how the monopolies and banks rule over us, engendering conflict, chaos, and crisis. Today’s tumultuous situation is proof of this analysis. We need a revolution to expropriate the billionaires.
The emergency takeover to prevent the collapse of British Steel has raised the question of ‘who owns Britain?’. This is also the case in Scotland, whose economy has been carved up by international capital. The SNP leaders’ empty talk about ‘national sovereignty’ is a farce.
President Trump’s recent ‘pausing’ of tariffs has done little to slow the full-scale trade war. These protectionist measures only serve to highlight the limitations of capitalism. To avoid destitution, workers must fight for revolution!
Protectionist trade wars. Jingoism and rearmament. Austerity and attacks on the working class… Did someone set the clock back to the 1930s? To combat the coming catastrophe, we need a global revolution against the billionaire class.
Trump is set to announce a barrage of new tariffs, in an attempt to stem the decline of US capitalism. Here, Niklas Albin Svensson outlines the Marxist position on the ‘free trade vs protectionism’ debate, and how tariffs will impact the world economy.
With the world economy stagnant, and Trump gearing up for protectionist trade wars, there are many parallels to the Great Depression of the 1930s. Here, we republish a 2020 article by James Kilby analysing this decade of crisis and class struggle.
The prospects for British capitalism are dire. The stage is being set for economic catastrophe, with a stagflationary crisis of low growth coupled with rising prices looming. Reeves and co. offer no solutions – only a revolutionary alternative will end this misery.
Labour has just announced billions in cuts to benefits, in an effort to drive the sick and ailing back to work, get the economy growing, and redirect money to ‘defence’. But the capitalist class are powerless to tackle Britain’s unemployment dilemma.
Pharmaceutical giant AstraZeneca recently abandoned their plans to build a £450m vaccine factory in Merseyside, despite the government bending over backwards to keep investors happy. Things are looking desperate for Labour’s plans to get British capitalism growing.
Starmer’s government is desperate to “kickstart” the flailing UK economy, with a flurry of recent announcements designed to boost growth. But it is clear that any uplift will come at workers’ expense. The stage is set for explosive class battles.
One week after Trump announced a colossal government-backed AI investment plan, an obscure Chinese startup has lobbed a grenade into the US tech sector. With the stock markets in turmoil, the president’s protectionist plans are off to a rocky start.