Marxist economics
Accumulation of wealth at one pole is, therefore, at the same time accumulation of misery, agony of toil, slavery, ignorance, brutality, mental degradation, at the opposite pole
- Karl Marx
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After last year’s speculative binge: Here comes the hangover
To avert total collapse during the pandemic, the ruling class threw trillions at the capitalist system. But far from stabilising the situation, this money has fuelled speculation and inflation. And now the chickens are coming home to roost.
Cost of living protests: ‘They say price rise, we say nationalise!’
Last Saturday saw protests across the country for a day of action against the cost of living crisis that is bearing down on the working class. Demands for reform do not go far enough. We need to fight inflation with socialist policies.
Cost of living crisis: Fight inflation with socialist policies!
Workers are facing a ‘cost of living catastrophe’ over the coming months, with rapidly rising inflation. Already several unions are balloting for action over pay. What is needed is a coordinated struggle to take power out of the hands of the bosses.