Economics

News

Poor will suffer as inflation rises to highest level in three decades

Worker's wages don't reflect soaring inflation
15 December 2021
Armchairs, open fire and Christmas decorations
Comment

Why the right like Christmas

Hark the cash tills ring
03 December 2021
JPMorgan Chase chief executive Jamie Dimon sat in a chair
Alex Callinicos

Why a top banker said sorry to China

JPMorgan Chase boss Jamie Dimon joked about China
29 November 2021
Features

Are increases in workers’ wages to blame for higher inflation?

Rising prices are hitting workers’ living standards.
27 November 2021
Features

Less than a six percent rise means a pay cut

Workers must not accept below-inflation pay offers
20 November 2021
News Image
Comment

No ‘pay rises’ below inflation

Many strikers are not winning the huge pay rises their unions claim they are
08 November 2021
Demand better than Tories’ Covid plan a or b
What We Think

Demand better than Tories’ Covid plan a or b

The Tories are risking tens of thousands of lives by refusing to consider any new measures to deal with the rising number of Covid-19 cases.
26 October 2021
The free market right is wrong on inflation
Alex Callinicos

The free market right is wrong on inflation

The alarm bells about inflation are ringing ever more shrilly across the world economy. Huw Pill, the new chief economist of the Bank of England, predicts that the official British inflation rate will hit five percent early next year.
25 October 2021
Interest rate rise will add to pressure on the poor
News

Interest rate rise will add to pressure on the poor

The Bank of England is preparing to raise interest rates in a move that will hit millions of mortgage payers and private renters.
19 October 2021
Blame the bust system
What We Think

Blame the bust system

Nobody wants to take the blame for fuel shortages, empty shelves and rising prices.
05 October 2021
Long Reads

Is neoliberalism dead?

Does the big spending response to the pandemic mean neoliberalism is really dead? Judy Cox explores.
26 September 2021
Evergrande shows China’s rulers can’t bank on ‘market miracle’ anymore
Features

Evergrande shows China’s rulers can’t bank on ‘market miracle’ anymore

As Chinese real estate giant Evergrande teeters on the edge, pundits are speculating whether its collapse could pull down the global economy. Socialist Worker looks at what’s behind the crisis
25 September 2021
Surge in inflation shows unions must lead fight over pay
News

Surge in inflation shows unions must lead fight over pay

Workers’ living standards have taken another hammering after inflation rose at its fastest recorded rate last month.
15 September 2021
The rise of private equity ­reveals reality of capitalism
Comment

The rise of private equity ­reveals reality of capitalism

Plundering is enjoying an unprecedented boom. The global value of deals carried out by private equity firms is set to reach $1 trillion (£723 billion) for the first time this year.
13 September 2021
‘Tax the rich’ is just the start of what’s needed
What We Think

‘Tax the rich’ is just the start of what’s needed

The Tories this week made workers pay more from their wages so the super-wealthy could protect their inheritances. No wonder that the alternative of taxing the rich is hugely popular.
07 September 2021
Don’t obscure Marx’s valuable insights
Alex Callinicos

Don’t obscure Marx’s valuable insights

It is hazardous to treat the Grundrisse as where we can find the real Marx. But it looks as if this is where Harvey is going
31 August 2021
Why it’s right to target the City of London over climate change
Features

Why it’s right to target the City of London over climate change

Extinction Rebellion is preparing to launch action against the City of London. Nick Clark investigates how the mysterious district finances climate catastrophe as part of its wider service to the bosses' system
14 August 2021
What’s the real value behind the rich’s NFT digital art fad?
Comment

What’s the real value behind the rich’s NFT digital art fad?

Capitalist financial trickery has hit new lows with the development of NFTs, or “non-fungible tokens”
24 July 2021
Letters—Now the climate change horrors are coming home
Letters

Letters—Now the climate change horrors are coming home

The horrific effects of climate change have been growing for years.
20 July 2021
Virus has created potential for boom—and bust
Alex Callinicos

Virus has created potential for boom—and bust

Are we heading, as some commentators claim, for another “Roaring Twenties”, like the economic boom that followed the terrible flu pandemic of 1918-19?
13 July 2021
Action call in hospitality + Jamie’s pukka payout + New moves on pensions
Alex Callinicos

Covid has stirred up the labour market

The general agitation about inflation continues among the bosses
22 June 2021
How the Corn Laws split the ruling class
Features

How the Corn Laws split the ruling class

It has been 175 years since the repeal of the Corn Laws. Isabel Ringrose explores how the bosses’ arguments over trade can open the door for working class resistance
19 June 2021
Tories bank on Brexit divides in Ireland
Alex Callinicos

Tories bank on Brexit divides in Ireland

Why did the Northern Ireland protocol to the Brexit agreement between Britain and the European Union figure so large at the G7 summit in Cornwall?
15 June 2021
Is there a ‘new cold war’ behind the US and China?
Background Check

Is there a ‘new cold war’ between the US and China?

As US president Joe Biden goes on a mission to turn the West against China, Nick Clark investigates the competition between the capitalist states
14 June 2021