This category is for news and analysis of the present-day economic situation. For Marxist economic theory and history, head to Economics.
Economists are predicting doom and gloom for British capitalism, with the working class paying the price. With the Tories in crisis, and Starmer’s Labour committed to austerity, workers must prepare for battle.
Mass sackings are occurring across the tech industry, including at online behemoths such as Twitter and Facebook, portending trouble for investors, users, and employees. It is time to take Big Tech under public ownership and workers’ control.
With the world economy on the brink of a new slump, the ruling class is imbued with a deep pessimism – a reflection of the impasse of their system. The Marxists, by contrast, are energetically working to build a revolutionary leadership.
The Fed and the Bank of England hiked interest rates again this week, in an attempt to tame inflation. Such moves have provoked panic amongst the ruling class, however, with a new slump looming. Under capitalism, all roads lead to ruin.
The recent market turmoil in Britain has revealed the immense level of speculation that takes place in every corner of capitalism. The bankers and billionaires are gambling with our futures. It is time to overthrow their decrepit system.
With inflation spiralling out of control, central banks are hiking interest rates, provoking recession. The ruling class is increasingly split, as the crisis of capitalism deepens. Only socialist revolution can provide a way out of this impasse.
A number of companies are trialling the introduction of a four-day working week, with no loss of pay. If ‘successful’, this will simply mean more intense working conditions for the working class, whilst the bosses rake in more profits.
With inflation soaring, the apologists of capitalism are demanding that workers show ‘wage restraint’ to subdue prices. Workers are not the cause of rising costs, however, but the victims of this crisis. To fight inflation, we need expropriation!
The UK economy is being buffeted by the chaos of war, inflation, and capitalist crisis. Workers are already paying the price, as living costs go through the roof. The scene is set for a wave of struggle. The unions must prepare for battle.
The world economy is wracked with turbulence, buffeted by a perfect storm of war, pandemic, and protectionism. A toxic combination of inflation and recession looms for capitalism. This is a finished recipe for revolutionary explosions everywhere.
The latest forecasts from the Bank of England for the year ahead are for inflation to surge and the economy to contract: a dangerous double-whammy of ‘stagflation’. Workers must organise and fight back with militant action and socialist policies.
This Easter has seen mayhem at Britain’s airports, as travellers and tourists look to escape the country for a post-lockdown holiday. The blame for this turmoil lies squarely with the bosses, who have profited as passengers and workers suffer.