Iran war brings massive price and profit gouging
Global oil companies are raking in additional profits at the rate of $30 million per hour as the result of the price hikes induced by the war.
Nick Beams•
The socialist answer to the housing crisis in Britain
Land and property have become asset vehicles for funnelling billions of pounds from the working class—those who produce society’s wealth—to the billionaires.
Statement by the Socialist Equality Party (UK)•
Australia: Labor intensifies assault on disability funding ahead of May budget
The cuts to the National Disability Insurance Scheme target those with so-called “mild” or “moderate” needs, who will be stripped of supports or face drastic reductions.
Max Boddy•
Fuel shock sends inflation soaring while the oligarchy grows richer
The sharp rise in inflation was fueled above all by an unprecedented spike in gasoline prices, which is hitting millions of workers who depend on driving for their jobs.
Jacob Crosse•
Kate Randall•
Marc Wells•
Saman Gunadasa•
our reporters•
Robert Stevens•
Featured Analysis
May Day 2022: Finance capital and the deepening crisis of global capitalism
This is the report delivered by Nick Beams to the 2022 International May Day Online Rally held on May 1. Beams is a longstanding leader of the International Committee of the Fourth International and an expert on Marxist economics.
Nick Beams•
Queen Elizabeth II’s Platinum Jubilee: The end of the “New Elizabethan Age”
Her carefully cultivated public persona has allowed Elizabeth II to be deployed at times of heightened national crisis as an illusory but politically necessary embodiment of stability and permanence.
Thomas Scripps•
The Uvalde massacre and the pathological violence of American life
The scale of the horror and the depth of the public reaction suggest that something of a “tipping point” has been reached.
David Walsh•
The US baby formula crisis and capitalism’s indifference to the lives of children
In the wealthiest country in the world, store shelves are empty and millions of families are now facing a desperate struggle to find essential nutrition products for their babies and toddlers.
Kevin Reed•
Jacob Crosse•
Eric London•
Joseph Scalice•
Niles Niemuth•
Eric London•
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