Capitalism

Marxism and long-term unemployment

A study published by Heidi Shierholz of the Economic Policy Institute in January compiled figures on unemployment that have important…

April 5, 2014

Hiding stagnation and ‘missing workers’

Here is a major headline item that never made it to the headlines: The Commerce Department has revised downward by…

March 5, 2014

The trillion-dollar student loan bubble

A recent issue of Bloomberg Business Week ran a feature headline: “Student Loans, the Next Big Threat to the Economy?”…

February 21, 2014

Subprime loans drive auto recovery

The scramble for profits is again leading to overproduction and the pushing of high-interest loans, this time in the auto…

February 12, 2014

The ‘recovery’ and the rich

Between 2009 and 2012, years of so-called U.S. economic “recovery,” 90 percent of the increase in consumption was accounted for…

February 6, 2014

Why each $1.3 million GM invests creates just one job

On Dec. 13, General Motors announced with great fanfare that it was going to invest $1.3 billion, mostly in Flint,…

February 3, 2014

Lessons from Detroit: Socialist ideology and mass organizing

  From a WWP Conference talk by Abayomi Azikiwe. Detroit has been and will continue to be at the forefront…

November 22, 2013

Low-wage workers’ struggle shows what’s to come

  From a WWP Conference talk by Secretariat member Fred Goldstein. Six years after the crisis began and four years…

November 21, 2013

‘Shooting crazy’

Taken from an Oct. 4 audio column on prisonradio.org A young mother, her infant quietly snoozing in the back seat,…

October 11, 2013

Fed announcement hides bad economic prognosis

The Federal Reserve Bank’s announcement Sept. 18 surprised investors and many others and led to a quick rise in stock…

September 25, 2013