Profit-Gouging Oil Companies

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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How Deglobalization is Reshaping the World Economy

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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Expropriating the Expropriators

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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Inflation, Debt and the Threat of Recession

Eric Byl is a member of ISA’s International Executive. The Latest Phase of the Global Crisis Even before the outbreak of the Omicron variant, euphoric expectations of a strong post-pandemic recovery based on the release of pent-up consumer spending and corporate investments, gave way to major worries. In many countries, consumers are confronted with the […]

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Covid and Capitalism – Cui Bono

Lucius Cassius was an ancient Roman judge who got a reputation for wisdom and fairness in court by repeatedly asking in cases, “Cui Bono?” or “Who Benefits?” Starting the third year of the COVID pandemic, the answer to old Lucius’ question seems pretty obvious: Canadian Banks once again posted record profits and bonuses, while at […]

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2021: Age of Disorder, Year 2

Danny Byrne is a member of ISA’s International Executive. From beginning to end, 2021 was a year of perfect storm for world capitalism. This rotten and decadent system has rarely, if ever before, faced such deep simultaneous crises on so many fronts. It has never been more over-ripe for replacement, and the 2020s are only […]

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Global Supply Chain Chaos Worsens

Tom Crean is a member of Socialist Alternative in the US. As International Socialist Alternative stated earlier this year, the predictions for a roaring economic recovery by capitalist institutions like the IMF were based on overly optimistic assumptions. The latest crisis affects the supply chains. Over 100 container ships unable to unload in the Port […]

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Pandora Papers Reveals a New Wave of Fraud

Per Olsson is a member of Rättvisepartiet Socialisterna (ISA in Sweden). The latest batch of Pandora papers published by the International Consortium of Investigative Journalists reveal a sickening saga of corruption, fraud and outright greed by the world’s elite, that make pale by comparison all the disease, misery and death that spilled out when the […]

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