
Alan Woods outlines a Marxist perspective of the current world situation.

The western press has celebrated Russia’s retreat from Kherson in Ukraine. But this withdrawal does not represent a decisive defeat for Putin. The outcome of the war still hangs in the balance, as economic, social, and political tensions mount.

The latest midterm elections in the USA have yielded further political polarisation and paralysis. The Republicans are split, while the Democrats have nothing to offer the working class. Instability, crises, and social explosions lie ahead.