The Silicon Valley Bank Collapse: Exposing the Fragility of Capitalism
Last week, Silicon Valley Bank (SVB), a small bank focused on investing in tech companies, suddenly collapsed, sending shockwaves through the financial markets. The collapse raises fears that another, bigger collapse is coming, something like what happened in 2008. While this doesn’t seem immediately likely, anything is possible. The capitalist system today is very unstable, […]
California Gas Bills Giving Us the Chills!
Californians have been facing high bills for natural gas.
Talks About The Debt Ceiling – An Excuse To Put Social Security and Medicare On The Chopping Block?
The debt ceiling crisis is being used as an excuse to cut Social Security and Medicare.
Online Town Hall: Sat. Jan. 21 at 4pm PST (7pm EST)
2023: A Coming Economic Crisis? Who Will Pay? With Richard Wolff We face the effects of global corporations’ competition and profit maximization which has led to economic warfare pitting the U.S. and the E.U. against Russia and China. The Covid pandemic and the effects of the war in Ukraine have impacted the lives of working […]
Biden and Xi — A Meeting to Manage an Insane Conflict
Biden and Xi met to manage the conflict between the U.S. and China, but they can do nothing about the system of capitalist competition that created this conflict.
Tech Layoffs Aren’t Unique – They’re a Normal Part of Capitalism
Many tech enthusiasts, tech cheerleaders and even many so-called analysts treat the giant tech and internet companies that have come to dominate our world as if they are unique, or perhaps an exceptional economic sector that can somehow erase all the old rules of economics and keep growing endlessly, helping to magically make the world […]
The U.K.: Prime Minister “Musical Chairs” Continues While the Working Class Suffers
In late October, the former Prime Minister of the United Kingdom (U.K.), Liz Truss, resigned after only 46 days in office. Truss was forced to resign as the United Kingdom deals with a profound economic crisis, with inflation at a 40-year high in the country and the Bank of England now forecasting a recession well into […]
France: When Prices Rise, Tempers Do Too…
September 19, 2022, Editorial of the Workplace Newsletters of the Etincelle fraction of the NPA. Translated from French. The funeral of the Queen of England took place on Monday. As millions of Britons face inflation and wonder if they will be able to keep warm this winter, tens of millions of pounds were spent, heads […]
A Cold Winter Ahead for Northeastern U.S.?
The Northeastern U.S. may see shortages of diesel and heating oil this winter. The for-profit system leaves us vulnerable to these kinds of shortages.
Landlords’ Greed and Inflation are a Crisis for Renters
High rent and inflation are threatening renters with eviction.
France: Back to work: time to fight back
August 31, 2022, Editorial of the Workplace Newsletters of the Etincelle fraction of the NPA, Translated from French. For kids, it’s the end of summer vacation. With inflation rising and wages at rock bottom, summer spending had to be monitored closely – for those, that is, who were able to take time off, if the […]
Panama: One More Rebellion Against Inflation
Workers in Panama have been protesting against inflation.
The Baby Formula Shortage Continues
After five months, the baby formula shortage continues.
France: Beyond the Parliamentary Circus, A Need to Fight for Our Wages
As prices increase, President Macron has come out against a general salary increase, while the purchasing power bill isn’t nearly enough.
Everything’s Going Up… But Our Pay!
We pay increased prices, corporations get increased profits.
Poor People’s March Inspires, But We Must Continue the Fight!
On Saturday, June 18, thousands came to the mall in Washington, D.C., to protest poverty and growing inequality in the United States, and to demand that the government take action to better the lives of millions of working and other poor people. It was organized by the Poor People’s Campaign, and was billed as a […]
World Economic Forum: Problem Makers Aren’t the Problem Solvers
The World Economic Forum in Davos, Switzerland ended on May 27. The conference – a group of capitalist billionaires and representatives from the governments that serve them – was marked by anxiety. The war in Ukraine has caused massive destruction and a spike in food prices, the existential threat of the climate crisis hangs overhead, […]
Corporations Loving Inflation!
Who profits off of inflation? Not workers whose real wages plunge as inflation ticks higher. Certainly not older people relying on fixed pensions. And definitely not new mothers who face high prices and shortages of baby formula. But one group benefits from inflation: capitalists. The high inflation rate in the U.S. has proven a boon […]
Soaring Prices, Exploding profits: Our Anger Knows No Bounds
May 23, 2022, Editorial of the Workplace Newsletters of the Etincelle fraction of the NPA, Translated from French. Translator’s notes are in parentheses. The suspense surrounding the reshuffling of French cabinet ministers (since President Macron’s reelection) has captured the interest of almost no one. Elisabeth Borne may well be a woman Prime Minister, but her […]
Student Debt: An Unbearable Burden
Despite campaign promises, Biden has continued to do nothing about student debt.
Biden Proposes the Largest Military Budget Ever
Biden’s latest budget proposal includes the largest military budget ever, just one more indication that our interests are not represented by those in power.
Inflation: Just Another Type of Theft
This system is rigged so that even the proposed solutions hurt us, and corporations use the excuse of inflation to sneak away like a robber in the night
Rising Rents Open Door for Flood of Evictions
The number of evictions will increase as the cost of rent increases and eviction moratoriums expire.
The Great Ripoff: We Pay Record Prices While They Make Record Profits
We are paying high prices for everything, but what about the corporations? They’re making record profits!
Students Face Debt Crisis—But We Can Fight It
Students and graduates today face a massive burden of debt, while the government, banks, and loan servicers profit.
Theranos Conviction Shows that Lying and Fraud are Part of the System
The Theranos verdict not only shows that profits and investors matter more than people in this society. It also shows once again that lying and fraud are an everyday part of life in our capitalist economy.
The Fight Continues for Kellogg‘s Workers
After rejecting a tentative agreement with a two tier wage structure, Kellogg’s has recently responded by trying to hire permanent replacement scabs.
The Inflation Crisis: a Tool of the Capitalists
American workers face the highest rate of inflation in over 30 years and is squeezing us for all that we have!
If Rent and Mortgage Debt Weren’t Enough, Meet Utility Debt
Utility debt in the U.S. has more than doubled since the pandemic.
Baby Steps at COP 26 Won’t Be Enough!
Although the UN climate change conference hasn’t begun, we already know how much progress they’ll make. The answer? Nowhere near enough!
Democrats Unable to Accomplish the Most Essential Things
The Democrats, despite controlling the Presidency and both houses of Congress, are unable to help working people in even the most basic of ways.
El presupuesto de Biden: esta democracia es una farsa
Todo este proceso presupuestario no es más que otro recordatorio de que bajo este sistema la democracia sólo funciona para la clase dominante. Es una farsa total para todos los demás.
Biden Pushes to Increase the Exploitation of Workers to Solve Supply Chain Problems
This supply chain crisis is just one more example of how dysfunctional the system of capitalism is — this system can’t even organize the basic production and distribution of goods.
Kaiser Engineers Go on Strike
Over 700 stationary engineers have been on strike since September 18 at Kaiser Permanente Northern California facilities.
Fossil Fuel Senator Writes Climate Portion of Budget Bill
The current budget fight in Congress is offering up a perfect opportunity for industries to call in favors and Senator Joe Manchin of West Virginia who owns millions in coal stocks has been tapped to re-write the climate portion of the budget bill.
The Debt Ceiling Debate: Politicians Continue to Play Games with Our Lives
Politicians in Congress are playing games with the debt ceiling, but it is the working people who will suffer the consequences.
2008 Again? Chinese Real Estate Colossus Evergrande on the Verge of Collapse
The giant Chinese real estate company Evergrande is on the verge of bankruptcy, drowning in debt, which could have huge shockwaves around the world.
1 in 500 U.S. Residents Killed by COVID-19
On September 14, the number of recorded deaths from COVID-19 in the United States reached 663,913, the equivalent of 1 in 500 Americans.
COVID Test Kits – Profits Before People
Companies that make test kits can charge what they want and get fat off this health disaster, even if it means most people won’t have access to the care they need.
Biden’s Proposed Tax Increases: Still Far Lower Than Under Eisenhower
Despite the hype or the doomsday predictions, let’s not believe that Biden is really trying to take on the rich to benefit us.
U.S. Unemployment Benefits to End – on Labor Day!
On Labor Day, the federal unemployment benefits that have been a lifeline for tens of millions during the COVID crisis, are ending, affecting over 10 million people.
Biden’s Infrastructure Bill: From Bad to Useless
Biden’s “bipartisan” infrastructure plan is useless when considering the climate crisis.
Amazon Lunacy: Destroying Millions of Unsold Items
Demonstrating the absurdity of capitalism, Amazon destroys millions of unsold items every week.
Prime Day – The Ultimate Capitalist Holiday
Amazon’s Prime Day is the ultimate capitalist “holiday.”
States Reopening — Not A Celebration
June 15th marked the day when most states in the U.S. fully reopened their economies, lifting most COVID restrictions, and easing mask mandates. But who is really celebrating?
“People Don’t Want To Work” … For Peanuts!
As unemployment benefits are running out, the media are telling us that people don’t want to work.
Income Taxes are Part of the Exploitation We Face
If we had a better system, we wouldn’t even need taxes.
Heart Attack Helps Man Realize There is More to Life Than Work
A man’s heart attack at work made him realize there is more to life than work.
Prices Are Going Up, Why Not Our Pay?
Everything is increasing in price, but why not our pay?
Biden’s Stimulus: A Small Bandaid for a Gaping Wound
Biden’s stimulus plan will provide relief to workers, but it does not mean that Biden has the interests of the working class in mind.