Working people may wonder if they will ever understand economics: the stock market soaring while most people are struggling, the scale of the AI data center boom, inflation off again and on again. Despite its legion of experts, capitalist economics, unlike Marxism, claims no single unifying theory. So, it is natural that it seems to […]
Continue Reading
Joshua Kortiz is a member of Socialist Alternative in the US. For many young people, the word inflation was an academic term associated with history books. That is, until 2022 when nearly the whole world experienced a dramatic rise in prices (that’s all inflation is, the average rise in prices of goods and services). It […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
There’s the story of the guy who went to the gas station to pump up his car tires… they charged him 50 cents. He said, “it was only 20 cents last week.” The attendant replied, “that’s inflation for you.” Except inflation is no joke. When certain phrases get constantly used, they can lose their meaning. […]
Continue Reading
Nina Mo is a member of Sozialistische LinksPartei (ISA in Austria). Since the beginning of this year unrest and protests have continued in Iran with the working class and youth at the forefront. With growing anger about the increased repression of trade unionists, for instance against teachers, and more recently against new executions, as well […]
Continue Reading
Kshama Sawant has led many successful struggles of working people against big business in the US, including the first $15 minimum wage in a large North American city and a Tax on Amazon to fund building public housing. She has won three elections to Seattle City Council and defeated the big-business backed, racist right-wing recall […]
Continue Reading
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 […]
Continue Reading