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 at least, the US) have suffered since the end of the Great Recession in 2009 – in the growth of real GDP, productivity, investment and...

Where Is The Economy Heading? 

The bourgeois governments and the press highlight the recovery of the world economy for the third quarter of this year and sing praises to the "new normality" that allowed it. A deeper look, however, shows a different reality.  By Alejandro Iturbe   -  November 24, 2020    An analysis of the dynamics of...

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 country would not sign the G7 summit’s joint statement held in Canada on June 8-9. By Marcos Margarido.   A few hours earlier, Canada's Prime Minister Justin Trudeau...

Global Economic Trends After the 2020 Recession

2020 was a terrible year for workers around the world. The combination of the worst pandemic since the Spanish flu of 1918 and the worst world recession since 1929, has caused the death of 2.5 million people (in official figures, it must be many more) and hundreds of millions...

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) also begins to expand to other countries. Has the “raki effect” began? By: Alejandro Iturbe The current crisis of the Turkish lira was triggered by the announcement...

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 by the working class in history.  This new class was the product of the industrial revolution in the capitalist mode...

Decreasing of China’s growth is followed by an increase in working class struggles

The expectations were high when the Chinese government announced on April 14 the 2015 first-quarter growth figures of the country. Governments and banks around the world wanted to know if the reduction in the growth of the Chinese economy, expressed by the Gross Domestic Product (GDP) would be...

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 their intention to make the working class and the exploited people of the world paying for the economic crisis, which they generated. By Daniel Sugasti More than...

Panama Papers: evidence of an inherently corrupt system

A few days ago it came to light through the now famous Panama Papers (a leak of information from the Panamanian law firm Mossack Fonseca), the existence of offshore companies involving governments, politicians, businessmen, sportsmen, artists, etc., from more than 40 countries on five continents. What does this mean?...

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. At best, a truce was agreed on any further escalation in tariffs and other measures against Chinese tech companies.  But there was no long-lasting agreement...

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