The Canadian government is giving Volkswagen Canada (VW) $13 billion to build a massive new electric vehicle (EV) battery plant in St. Thomas, Ontario. This is being hailed as a “game changer” for Canada’s auto sector as the ruling classes of various countries fight to secure investment in a broader and greener economy. Canada’s traditional […]
Continue Reading
Keishia Taylor and Eddie McCabe are members of the Socialist Party (ISA in Ireland). The tech sector is in turmoil — facing its worst crisis since the dot-com bubble burst in the late 1990s. Stock prices are fluctuating wildly, profits are being squeezed, and hundreds of thousands of workers have been laid off. Tech companies […]
Continue Reading
In February 2023, average inflation was 5.2 percent; prices are still increasing but more slowly than a year ago. However, food inflation was 10.6 percent, reinforcing the strong feeling that the big three grocery companies are profit gouging consumers. In order to appear that they are doing something, MPs summoned the heads of the big […]
Continue Reading
Tom Crean is a member of Socialist Alternative in the US. The collapse of the Silicon Valley Bank last week has opened up a significant financial crisis for US capitalism which now appears to be spreading to Europe. It is too early to say whether this is the beginning of a more full-blown crisis that […]
Continue Reading
Report of the discussion on World Perspectives at ISA’s 2023 World Congress Climate disasters, raging inflation and the threat of a world recession. A brutal war in Ukraine and rising global tensions. Three years of COVID with health systems teetering on the breaking points. Political polarization and unstable governments. The ruling class looks to the […]
Continue Reading
Danny Byrne is a member of ISA’s International Executive. Report from International Socialist Alternative’s World Congress — further reports to follow Between January 30 and February 5, over 100 delegates and visitors participated in International Socialist Alternative’s 13th World Congress. Participants hailed from over 30 countries, across all continents. Most delegates participated in person, gathering […]
Continue Reading
The Bank of Canada jacked up interest rates again to 4.5 percent. In less than a year the Bank has raised rates eight times from 0.25 percent, causing misery to millions with higher rent mortgages and debt charges. These actions make a recession, with higher unemployment, more likely. This article, written in late January, first […]
Continue Reading
Per Olsson is a member of Rättvisepartiet Socialisterna (ISA in Sweden). The World and Sweden have never been so unequal. 81 billionaires hold more wealth than 50% of the world combined. Since 2020 the wealth grab by the super-rich has accelerated, and the richest 1% have captured almost two-thirds of all new wealth. This is […]
Continue Reading
Just-in-time production was a key part of the process of neoliberalism and globalization, as part of the drive to maximize profits. First used in Japan in the 1970s, it spread around the world and beyond manufacture to almost every facet of capitalist economics and management systems. The core idea is that manufacturers do not hold […]
Continue Reading
This article is republished from the archives of ISA. Increasingly commentators say that the strike wave affecting several countries, and the level of inflation eating away at workers’ wages are reminiscent of the 1970s. We republish an article from 1971 by Ted Grant, then a member of the CWI — predecessor of ISA. The Tory […]
Continue Reading