In the last week, Trump announced his intention to raise tariffs on steel and aluminium imports, threatening to start a dangerous trade war with the rest of the world. This could plunge the world economy into another deep slump.

Billionaire Elon Musk hit the headlines earlier this month with the launch of his company’s Falcon Heavy rocket. But this “proof of private sector efficiency” is in fact another demonstration of how parasitic the profit system is.

Rob Sewell analyses the turbulence on the stock market over the past week, which has destroyed any illusions in the global economic ‘recovery’. This latest collapse is a harbinger of a new world slump.