By JEFF MACKLER FTX's plunge from $32 billion to bankruptcy and the collaping value of cryptocurrencies shows the speculative casino nature of the capitalist economy, where unimaginable wealth is driven by fictitious capital.
By JEFF MACKLER The US sabotaged the Nord Stream pipelines as part of a plan to substitute US Liquified Natural Gas for cheaper Russian fossil fuels, eliminate Russia as the chief fossil fuel supplier to Germany and much of Europe, and prolong the highly profitable U.S.-instigated and financed war in Ukraine.
By ANN MONTAGUE In Britain, the working class is experiencing a wave of strikes and “Industrial Action” from some of the largest established unions in the country, activity that disrupts the economy. These striking unions have made political demands in recent years to renationalize mail, rail and the electric grid.
By ROBERT BELANO Congressional Democrats, supported by President Biden, just passed a major spending bill focused on climate change, health care, and taxes. But it’s no win for the climate or the working class.
By JEFF MACKLER Led by the dominant capitalist-imperialist nations, especially the U.S. and China, the system involves the capture and transfer of surplus value from workers in poorer countries to leading corporations in the advanced countries. Today, global value chain corporations that represent only 15 percent of all trading firms worldwide, capture some 80 percent of total trade.
Socialist Action newspaper for the summer of 2022: UKRAINE: NO TO THE U.S. PROXY WAR AND FASCIST COUP; and Women’s Rage: My Body, My Choice; May Day in Canada
By JEFF MACKLER, for Socialist Action/USA This is the third and final text presented by Socialist Action as a minority viewpoint to the February 19-23, 2022 meeting of the Fourth International (FI), an international socialist current of some 56 parties across the globe. Some 150 representatives of these parties gathered this year via Zoom due to the COVID 19 crisis to discuss and debate the Fourth International’s politics and program. The politics in the report below were adopted by the National Committee of Socialist Action/USA, a fraternal party of the FI barred by reactionary U.S. legislation from being a formal member of any international socialist organization. The text below was rejected by the February FI meeting by the vast majority of delegates. The central thesis of the majority text asserts that the building of revolutionary socialist parties on the Leninist model anywhere in the world today is not on the agenda. The text below, slighted updated to cover developments since the February FI meeting, challenges this view in all its fundamentals.
Socialist Action public forum Sunday June 5, at 1pm East Coast, 10am Pacific -- "Capitalism is a Death Cult: Why the System Lets Covid Kill." Zoom link: https://us06web.zoom.us/j/89486089489?pwd=bTNra2JyTDlzMkUxdXVKUFc0elJnUT09
By MARTY GOODMAN Workers in the U.S. may be on the cusp of a big labor upsurge. In 2021, petitions to hold union elections were up more than 50 percent over the previous year during the six months ending in March, on pace to reach its highest point in at least a decade. Successful organizing struggles at Amazon, Starbucks and other locations continue to grow. Angry younger workers in particular are stepping up to play militant leadership roles, many with Black Lives Matter protest experience.
By JEFF MACKLER The idea was to blame the Republicans for society’s ills and pose the Democrats as the party of the people, especially as the mid-term elections loomed. The November elections have passed. Biden’s legislative efforts produced nothing. Democrats were punished by voters from coast to coast.
By MALIK MIAH Thousands of workers are on strike right now in the United States, in what is being dubbed “Striketober”. In some cases, bosses are using “replacements” (scabs) to cross pic
By JIM LAFFERTY A couple of weeks ago, President Joe Biden stood before the General Assembly of the United Nations and said that “for the first time in 20 years, the United States is not at war. A damnable lie.
By JEFF MACKLER AUKUS, or the new and secretly negotiated $66 billion nuclear-powered submarine agreement between Australia, the United Kingdom and the U.S., has momentarily ruffled some political feathers around the world, particularly in France and China.
On July 4th President Biden announced that “independence from a deadly virus” was on the horizon. Pointing to the possibilities of mass vaccinations, he proclaimed, “America is coming back together!” While vaccines have proven to be effective at preventing mass death by Covid-19, capitalist created divisions have been compounded by the pandemic and are now … Continue reading Covid and Capitalism: Mass Vaccination or Mandate for Mass Death
By Jeff Mackler If we are to believe the almost daily front-page major media headlines, President Joseph Biden has embarked on an historic congressional battle to massively fund a broad range of needed social programs by taxing the rich as never before. Biden’s daily and ever-changing “social infrastructure” bill pronouncements aim at assuring a wary … Continue reading Biden’s $trillion Taxing the Rich Social Infrastructure Charade Crumbles
By Jeff Mackler The corporate media hoopla attendant to President Joseph Biden’s announced $2.5 trillion infrastructure proposal aims at putting Biden in the Franklin Delano Roosevelt New Deal-era crowd of “progressive” capitalist social reformers. The “centrist” Biden has been instantly converted to a “man of the people” whose legislative proposals are claimed to far exceed … Continue reading Fearing Radicalization, Biden Feigns Left
By Jeff Mackler and Mark Ostapiak When the union's inspiration through the workers' blood shall runThere can be no power greater anywhere beneath the sunYet what force on earth is weaker than the feeble strength of oneBut the union makes us strong (From the trade union anthem “Solidarity Forever”) Would it be that the inspiration … Continue reading Behind Union Defeat at Amazon Bessemer
By Umar Shahid (The article below by Umar Shahid is an update on the historic January 26 mobilizations in India against the neoliberal policies of Prime Minister Narendra Modi. The previous strike/protest of November 26, 2020, the “Bharat Bandh” meaning the 24-hour closure of, included a monumental 250 million participants! See “India Strike Wave is Biggest in World … Continue reading Indian Farmers’ Rise Against Modi Regime
By Jeff Mackler The world noticed when two billionaires, Mark Zuckerberg and Jack Dorsey, pushed a button and de-platformed then president Donald Trump from their social media empires. “After close review of recent Tweets from the @realDonaldTrump account and the content around them,” Twitter wrote, “we have permanently suspended the account due to the risk … Continue reading Trump’s “free speech” for billionaires
By DON HARMON One can get lost in the relatively abstract equation of lawsuits, creditors and billions of dollars, and thus lose sight of the thousands who have suffered. There is a small, but feisty, movement of hard-working Americans who are fighting back.
By JAMES FORTIN The openings of grade and middle schools, high schools, and colleges all have one thing in common – they are the betting chips in a massive gamble by the ruling class.
By MARK T. HARRIS The United States has the highest number of Covid-19 cases and deaths in the world. Capitalism's inexorable drive for profits over human needs got us here.
By JEFF MACKLER and JAMES FORTIN The daily number new cases of COVID-19 in the U.S. is still 22,000–25,000 and deaths are expected to rise to 3,000 a day by June 1. Yet every state is sending workers back to work. Why is this, and what really should be done?
By BARRY SHEPPARD The Labor Department recently released figures for the unemployment rate for April, saying that the rate was 14.7 percent, the highest since the Great Depression of the 1930s. The Labor Department said that because of how it classifies workers, the real figure could be 20 percent. These figures reflect the situation as … Continue reading Unemployment Skyrockets, So Does Hunger
By JAMES FORTIN With assistance from their Democratic and Republican co-conspirators the corporate bandits have stuck up the nation.