Tue Aug 09, 2022
August 09, 2022

Economy

Paris Commune 150: the Economics

Today is the 150th anniversary of the beginning of the Paris Commune.  The Commune (Council) was formed as result of what should be considered the first uprising and revolution led...

Global Economic Trends After the 2020 Recession

2020 was a terrible year for workers around the world. The combination of the...

Where Is The Economy Heading? 

The bourgeois governments and the press highlight the recovery of the world economy for...

Debt Disaster With No Escape

The IMF-World Bank semi-annual meeting starts this week.  Earlier the IMF kicked off the show...

The world economy plummets: major clashes are looming

"It is now clear that we have entered a recession – as bad as...

The world economy plummets: major clashes are looming

"It is now clear that we have entered a recession – as bad as or worse than in 2009," said Kristalina Georgieva, managing director...

The Deflation of Speculative Bubbles

The effects of the pandemic on the already existing trend of decline in the world economy are already causing several speculative bubbles to deflate...

Before the Capitalist Catastrophe, the Solution is Socialist Economic Planning

Socialism means workers' democracy and planned management of the economy. Only in a working-class democracy can the working class dominate and effectively rule By Jeferson...

The Gravity of a Possible New World Recession

  The world is experiencing a succession of convulsive processes of the class struggle, with revolutionary ascents (such as those lived in Chile, Haiti,...

A Global Manufacturing Recession

As we enter October, the global recession is with us – in manufacturing.  The PMI manufacturing activity indexes for most of the major economies...

The G20 and the Cold War in Technology

Last weekend’s G20 summit in Osaka resolved nothing substantial in the ongoing trade and technology war that the US is now waging with China....

What leaves 2018 and what is coming in 2019 for our struggles

No one can deny that 2018 was an intense year. Imperialism and the national bourgeoisies have not ceased in their attacks, standing firm in...

Turkey: The beginning of the “Raki Effect”?

In 1994, the Mexican financial crisis had a strong international impact called the “tequila effect”. Currently, the crisis lived by the Turkish currency (lira)...

What Lies Behind Trump’s Threat of Trade War?

"We are like the piggy bank that everyone is robbing, but this is over." With these words, US President Donald Trump announced that his...

The underlying reasons for the Long Depression

There are two new mainstream papers out that offer some interesting analysis on the reasons behind the Long Depression that the major economies (or...

The underlying reasons for the Long Depression

There are two new mainstream papers out that offer some interesting analysis on the reasons behind the Long Depression that the major economies (or...

Forecast for 2017

It has now been eight years of what I have called a Long Depression, since the Great Recession started in January 2008 (see Recessions,...

Forecast for 2017

It has now been eight years of what I have called a Long Depression, since the Great Recession started in January 2008 (see Recessions,...

ASSA 2017 – part one: productivity and inequality

One of the main themes of this year’s annual conference of the American Economics Association, ASSA 2017, was whether capitalism was slowing down. Was...