World Economy

“We were already having problems with food prices… What countries are doing now is exacerbating that, and the war is putting us in a situation where we could easily fall into a food crisis,” said […]

The ‘Inequality Kills’ report by Oxfam shines a light on the horrific poverty conditions experienced by billions around the world. It has been further exacerbated during the Covid pandemic – 99% of the world’s population […]

The recent acute shortages of energy, goods, and labour in some sectors in the UK stem in large part from UK-specific capitalist failings. But the volatile world situation is part of the background to those […]

In the wake of the Covid-19 pandemic, with fears of rising unemployment as the furlough scheme is wound up, and the full extent of the economic scarring from the pandemic is revealed, there are also […]

Across the globe, at least 2.4 million people have now died from contracting Covid-19. Livelihoods have been wrecked and economies have crashed, with the world economy shrinking by over 4% and the UK suffering a […]

For over a year, the Covid-19 pandemic has wreaked havoc across the globe, causing over two million deaths and unleashing enormous economic and social crises. 2021 has ushered in new lockdowns in the UK, Germany […]

Around £320 billion is lost annually to corporate tax abuse and private tax evasion, the equivalent of nearly 34 million nurses’ salaries, according to the Tax Justice Network. Poorer countries are most affected, with tax […]

A decade ago, following the worldwide financial crash, a Financial Times editorial congratulated capitalism on a bit of luck that “the left” was “missing in action in what should have been its finest hour. In […]