Biden’s $trillion Taxing the Rich Social Infrastructure Charade Crumbles

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

Fearing Radicalization, Biden Feigns Left

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

Behind Union Defeat at Amazon Bessemer

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

Indian Farmers’ Rise Against Modi Regime

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

Trump’s “free speech” for billionaires

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

Unemployment Skyrockets, So Does Hunger

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

From 2008 and relevant again today! The Bailout: A close-up look at the U.S. ruling class in action

Here we reprint a Socialist Action analysis of the 2008 Wall Street bailout. Today, once again, the U.S. ruling class is desperately trying to prop up its crisis-ridden capitalist system. We are already seeing the same "socialism for the rich" that this article pointed to the last time, as trillions of dollars are put into … Continue reading From 2008 and relevant again today! The Bailout: A close-up look at the U.S. ruling class in action

The next recession: It’s all going pear-shaped

By MICHAEL ROBERTS  Is the world economy soon headed for recession? For information of our readers, we are reprinting this commentary from the blog of Marxist economist Michael Roberts, posted on Aug. 24. See: https://thenextrecession.wordpress.com/2019/08/24/its-all-going-pear-shaped/ With perfect timing, just as the summit meeting of the leaders of the top capitalist economies (G7) met in Biarritz, … Continue reading The next recession: It’s all going pear-shaped

The New Deal: Roosevelt’s answer to ‘radicalism’

By DAVID RIEHLE Four score and seven years ago … Franklin Roosevelt brought forth in this country a New Deal. Not a Square Deal (Teddy Roosevelt) or a Fair Deal (Truman) but a NEW DEAL. New York Governor Roosevelt was nominated for president at the Democratic Party national convention in Chicago on July 2, 1932. … Continue reading The New Deal: Roosevelt’s answer to ‘radicalism’

Inside Trump’s trade bluster

By JEFF MACKLER Analyzing President Donald Trump’s excoriating traditional U.S. trading partners at the Group of Seven’s (G7) May meeting in Quebec, Marxist economist Michael Roberts commented: “What all these Trumpist antics revealed is that the period of the Great Moderation and globalization, from the 1980s to 2007, when all major capitalist states worked together … Continue reading Inside Trump’s trade bluster

Working people have no stakes in a trade war

A joint statement by Socialist Action (U.S.) and Socialist Action/Ligue pour l'action socialiste in the Canadian state. The recent imposition of a 25% tariff on steel imports to the United States and a 10% tariff on aluminum from Canada, Mexico, and the European Union follow the earlier imposition of these tariffs on the rest of the … Continue reading Working people have no stakes in a trade war

Argentina: Macri’s neoliberal fantasies

By CLAUDIO KATZ In the middle of his term, Argentinian president [Mauricio] Macri cannot hide the monumental abyss between his promises and reality. The promise was of an influx of dollars to lower inflation, with high growth, job creation, an entrepreneurial boom and eradication of social assistance. A drastic reduction of the fiscal deficit and … Continue reading Argentina: Macri’s neoliberal fantasies

Congress pushes through new tax cuts for the super-rich

By NICK BAKER Massive tax cuts for the wealthy are moving forward in Congress, with the Senate passing its own version on Dec. 1. All that is left now is for the House and Senate to combine their two very similar bills and smooth out the minor differences. Once that is done, the plan will … Continue reading Congress pushes through new tax cuts for the super-rich

New tax plan: Rob the poor to help the rich

By NICK BAKER In the last month, the Trump administration and Republicans in Congress have begun preparing a tax cut bill that would be a huge benefit to rich people and corporations. The details are still being negotiated among the representatives of the bourgeoisie, but the basic goals are clear. The bill would cut income … Continue reading New tax plan: Rob the poor to help the rich

A watershed election for U.S. imperialism

By LYNN HENDERSON The 2016 presidential election concluded with the improbable election of real estate billionaire and reality show celebrity Donald Trump. In this historic 2016 election the dual parties of U.S. capitalism ended up presenting the American electorate with the choice between two individuals who were universally recognized as the most unpopular, distrusted candidates … Continue reading A watershed election for U.S. imperialism

Canada-EU trade pact still not a done deal

By Y. FIKRET KAYALI The Canada-European Union Comprehensive Economic and Trade Agreement, barely rescued from the grave, may yet prove to be one of the walking-dead. The signature of Prime Minister Justin Trudeau and those of his European counterparts on the document are, at this point, merely ceremonial. Before implementation, ratification votes must be held in Ottawa and … Continue reading Canada-EU trade pact still not a done deal

Trump promises more perks for big business

By MARK UGOLINI Events surrounding the Nov. 8 presidential election confirm the depth of the crisis that U.S. capitalist rulers find themselves in. We’ve seen growing turmoil and major divisions between and within both major parties. The two-party system, for years a stable bulwark of U.S. capitalism, has been exhibiting signs of distress. The transition … Continue reading Trump promises more perks for big business