This category is for news and analysis of the present-day economic situation. For Marxist economic theory and history, head to Economics.
Contradictions are mounting for capitalism. The system is being thrown from one crisis to the next. Inflation, debt, and financial instability all threaten the world economy. A new slump looms. The only way out of this impasse is through revolution.
Recent data has caused alarm amongst the ruling class, suggesting that inflation has become entrenched. In response, central bankers are looking to provoke a slump in the hope of quelling price rises. The only solution is socialist revolution.
Countries, businesses, and households across the world are drowning in debt. As interest rates rise, the danger of default looms. To avoid a catastrophe, calls for debt cancellation are not enough. Instead, we must fight for revolution.
Debates and protests have broken out amongst the Tories recently, over suggestions that supermarkets should sign up to price caps on essential goods. To genuinely fight the menace of inflation, however, we need a socialist plan of production.
The US economy is hurtling towards a disastrous default, as Democrats and Republicans haggle over spending and cuts. This dangerous game of chicken highlights the madness of capitalism. We say: make the billionaires pay for this crisis!
In an effort to tame inflation, the Bank of England agreed to further raise interest rates today. Its chief economist, meanwhile, has arrogantly told workers that they must tighten their belts. We say: make the billionaires pay for this crisis!
As the ruling class raises interest rates, in an effort to tame inflation, pressures are building in the financial system. The collapse of Silicon Valley Bank has set off a chain reaction. This instability is a harbinger of a new world slump.
The implosion of Silicon Valley Bank has revealed cracks throughout the global financial system. As interest rates rise, these fissures are spreading. The ruling class is caught between a rock and a hard place, as the crisis of capitalism deepens.
As it stands, the majority of household chores and care duties fall on women’s shoulders. To end this burden, we need to transform society in order to automate and socialise these tasks. The fight for liberation is a fight for revolution.
As the UK economy slumps, and new infrastructure investment dries up, the construction industry is grinding to a halt. Accompanying this is a swathe of sackings amongst archaeology workers. Capitalism is destroying our history and heritage.
As British capitalism descends deeper into crisis, the bosses are turning the screws on workers across the board, in an effort to squeeze more profit from their staff. Many are being pushed to breaking point. But many others are fighting back.
As living costs soar, more and more people are relying on ‘buy now, pay later’ loans to cover weekly shops and essential purchases. Regulation cannot tackle this dangerous debt bubble. We must tackle the problem at its root: capitalism.