The World Bank outlines the crisis conditions enveloping global capitalism. The question before us is who will pay for the coming recession.
On its own, the crypto crash is unlikely to trigger a wider economic meltdown. But the conditions which caused the crash — the pullback of easy money policies by the capitalist class to control inflation — could easily result in a recession. If that happens, a central question of our time of crisis is sure to reemerge: who will foot the bill?
The capitalist system, based as it is on exploitation, is controlled by a ruling class that can’t acknowledge the realities of its irrational and crisis-ridden system. The working class, who make up the great majority, can’t challenge this system with the ideas of the class that exploits them. An understanding of the society we live in is required before we can change it and, in that regard, the analysis of the workings of a capitalist economy that Marx and Engels provided is more vital today than ever before.
Anyone who has gone to the grocery store this year has noticed the prices of basic food items are going up. For many people in…
While NFTs are new, they represent something that is not. This commodification of our digital life is more than just a fad: it is a speculative frenzy that has its roots in capitalism’s contradictory economic recovery.
Near the beginning of the pandemic, the Canadian economy — and the workers on which it depends — experienced a quiet crisis. For decades, mountains…
Automation and the Future of Work by Aaron Benanav (Verso, 2020) Over the last month, service sector employers in the United States have been gripped…
COVID-19 began with the slogan that “we’re all in this together” but the virus and economic crisis have instead worsened pre-existing inequalities. For months, communities…
Just before Labour Day, Statistics Canada released its monthly Labour Force Survey (LFS) for August 2020. In normal times, the reported rise in employment of…
We are not in this together. The divisions that run through our society going into the COVID-19 crisis have only been heightened. Racialized workers are…
With some indications that COVID-19 numbers are peaking across Canada, the debate is shifting from how to stop the pandemic to how to restart the…
On Easter weekend Sid Hynes, the Executive Chairman of Oceanex, a Canadian shipping company, announced they would be cutting back their shipping service to Newfoundland….
