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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This article first appeared in the Tyee. Jean Swanson is a lifelong campaigner for renters and the working class. She was a Vancouver Councillor from 2018 to 2022. Although Jean is not a member of Socialist Alternative, we energetically supported her successful election in 2018 and worked hard trying to get her re-elected in 2022. […]
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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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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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The statement below on the war in Ukraine and its implications for the manifold crises of global capitalism was discussed, debated, amended and approved unanimously at a meeting of the International Committee of ISA — our international leadership elected at our World Congress — which took place between 28 March and 1 April in Vienna, […]
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Geert Cool is a member of Linkse Socialistiche Partij / Parti Socialiste de Lutte (ISA in Belgium). In late 2019 and in 2020, the Rajapaksa family scored convincing victories in both presidential and parliamentary elections in Sri Lanka. As we explained then, this was a call for stability, something that the alliance around the Rajapaksa […]
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The Canadian economy is in a deep recession, but the stock market and housing prices are soaring. How is this possible? Millions of Canadians lost their jobs in the spring, and the drop in GDP was worse than the 2008/09 economic crisis. Yet somehow housing prices across the country are way up, completely contradicting common […]
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Tony Wilsdon is a member of Socialist Alternative in the US. The Spectre of Deflation The collapse in oil prices in the second quarter of 2020 will be a further accelerator of the deepening world economic depression. The New York Times writes: “Just a few months ago, the American oil industry was triumphant in its […]
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George Martin Fell Brown and Tony Gong are members of Socialist Alternative in the US. Is the Problem Neoliberalism or Capitalism? The current economic crisis may have been triggered by the coronavirus pandemic, but its roots lie in a deeper crisis of capitalism going back to the financial crash of 2008–9. This ongoing crisis lays […]
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