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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Inflation is soaring and devastating workers’ living standards. Every trip to the food store brings a new shock. Canada’s official inflation rate was an 8.1 percent increase in June over May, the painfully worst increase in 40 years. To add to the pain, the Bank of Canada raised its prime interest rate from 1.5 percent […]
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A tragic shootout at my neighbourhood Bank of Montreal, near Victoria, recently left two people dead and six injured, grabbing national headlines. And news coverage of this event casually mentioned that this same bank — which is just across the street from the bank I use — had been successfully robbed just four months before: […]
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Vincent Kolo is a contributor to chinaworker.info. A succession of economic and political disasters is casting a dark cloud over Xi Jinping’s impending coronation as China’s dictator-for-life. Paralyzing “Zero COVID” lockdowns of major cities, collapsing GDP growth, record unemployment levels, and accelerating imperialist conflict in the shadow of the Ukraine war have plunged Chinese society […]
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On May 20, Stuart Kirk, Global Head of Responsible Investments for the mega-bank HSBC (2021 assets $2.9 trillion, 2021 profits $12.6 billion), gave a speech at a Financial Times (ahem) “Moral Money” conference. The talk was titled “Why investors need not worry about climate risk.” Mr. Kirk, whose job with the bank “involves considering the […]
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Walter Chambers is a member of International Socialist Alternative. The war in Ukraine has turned into a war of brutal attrition. Only workers’ solidarity can end it. The Kremlin was hoping for a double celebration on May 9: to mark the Soviet Union’s victory in WW2, and the jubilant return of troops after a short […]
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Gas prices have soared around the world, adding to inflation that is hitting workers’ living standards. Vancouver, like its overinflated housing market, has Canada’s highest gas prices. The price of gas in Vancouver rose from $1.60 a litre in December 2021 to $2 a litre in March and over $2.30 in May. In most of […]
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Tom Crean is a member of Socialist Alternative in the US. Article after article in the mainstream corporate media in recent weeks has stated that the war in Ukraine has accelerated a radical realignment in the world economy that is termed “deglobalization.” Martin Wolf, the chief economics editor of the Financial Times stated recently that […]
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No to War! Build an Anti-War Movement Revolutionary Youth Ontario: Kick out Ford Workers Need a Real Pay Raise Polarization Comes to Canada Quality Childcare Needed … and much more from Canada and abroad! For printed copies, please send us an e-mail to [email protected] Please consider making a donation to help with our costs and […]
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Eddie McCabe is a member of the Socialist Party (ISA in Ireland). Why We Call for Nationalization & Democratic Public Ownership A socialist economic alternative includes many essential features such as wage rises and reduced hours for workers, taxes on wealth and profits, expanded and free public services etc. But a core demand is for […]
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