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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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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