
What Causes Inflation?
“We understand better now how little we understand about inflation,”[i] commented Jerome Powell, Chair of the US Federal Reserve (the Fed), when inflation reached its highest level since the late 1970s in 2022. At the […]
“We understand better now how little we understand about inflation,”[i] commented Jerome Powell, Chair of the US Federal Reserve (the Fed), when inflation reached its highest level since the late 1970s in 2022. At the […]
The new lease of life that world capitalism experienced after the collapse of the Stalinist states of Russia and Eastern Europe from the late 1980s has definitively run its course. Whatever the immediate perspectives are […]
“Democratic capitalism” is in crisis, warns Martin Wolf, chief economics commentator at the Financial Times, in his new book. Such is the severity of this crisis its very survival is in question. Wolf confirms early […]
‘Mao and Markets’ is an attempt to educate the US capitalist class about the peculiar character of China and to appeal to it to find a way to “productively live with it”. On one level […]
In a dramatic turn of events last weekend, the Russian mercenary leader, Yevgeny Prigozhin, staged an armed uprising only to turn his fighters back from a march on Moscow after a truce was struck with […]
The ongoing tensions between the United States and China have continued to escalate as the global economic crisis deepens. While the US economy is still the most powerful in the world, its dominance is being […]
Stormy times. That’s almost an understatement of the situation the world is in this May Day. The last year has seen a continuation of rapid developments that characterise the unstable era we are living in. […]
A brutal power struggle is under way in Sudan. On 15 April, heavy fighting erupted between different factions of the armed forces. Civilians have abruptly found themselves in war zones, especially in the capital Khartoum. […]
The bloody war in Ukraine grinds on, with reportedly hundreds of thousands of deaths and injuries inflicted on both sides. As we enter spring, a new massive offensive appears to be in preparation by the […]
The global and multi-faceted crisis of capitalism has entered a new phase with the turmoil in the financial markets and the collapse of banks in the US and Credit Suisse in Switzerland. It is likely […]
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