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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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Capitalism Does Not Lead to Democracy The end of the neoliberal era was recently recognized by Canada’s Deputy Prime Minister Chrystia Freeland. Her speech on October 11, at the Brookings Institution in Washington, outlined a vision, what some are calling the “Freeland Doctrine,” stridently calling out China and Russia as geopolitical enemies of Western capitalism. […]
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James Graham is a member of Socialist Alternative in the US. A recent Bloomberg article title tells us just about everything we need to know about skyrocketing economic inequality: “World’s Super Rich Drive 77% Surge in Superyacht Sales Last Year.” After noting that sales have also doubled from the 2019 levels, the article continues: Low […]
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