Film: Battleground of home foreclosures

By GAETANA CALDWELL-SMITH “99 Homes,” a film with Michael Shannon, Andrew Garfield, and Laura Dern. Written and directed by Rahmin Bahrani. “99 Homes,” set in Florida, is an excellent socio-economic film that could have been a documentary. I’m glad it isn’t. It is a well-acted, powerful drama based on the 2007-9 economic collapse, when banks…

Unmasking the hype of capitalist economics

BY JEFF MACKLER The U.S. working class, the nation’s poor and oppressed, and the youth won a resounding victory on Election Day 2014 when they cast their “votes” for the most popular candidate of all—“None of the Above.” Indeed, “None of the Above” won the much-hyped midterm election “contest” hands down, when 64% of eligible…

The real roots of the U.S. economic crisis

By BRUCE PARDOLL I think that a comprehensive understanding of how the present U.S. economic crisis came about, and how things have considerably worsened not only since December 2007—when the Great Recession began—but also since 1974 (when wages for the working class began a steady downward slide) is greatly needed. Marxism is uniquely qualified to…

Cyprus bank crisis rocks Europe

By ANDREW POLLACK The outrage of workers in Cyprus against a plan to “save” the country’s finances by seizing cash in small depositors’ accounts forced the country’s parliament to vote unanimously in late March against it. The plan was intended to avert the wrath of the International Monetary Fund, the European Central Bank, and the…

NY bosses lock out 8500 energy workers

On July 1, Consolidated Edison (Con Ed) of New York City, one of the nation’s top energy providers, cut off contract negotiations by locking out 8500 members of the Utility Workers United of America Local 1-2 (UWUA). The lockout was not a strike, but a one-sided refusal by Con Ed bosses to bargain.

Presidential campaign loot

By MARTY GOODMAN “Anybody who wants to be an ambassador must at least give $250,000.” — Richard Nixon’s price check to his Chief of Staff on campaign donations. This year’s U.S. presidential campaign fundraising is expected to double the record-breaking $1 billion presidential campaign haul of 2008. Everything has its price under capitalism, including democracy.…

Growing signs of new economic downturn

By ANDREW POLLACK Signs of a renewed, coordinated global economic downturn have grown in the last few months. Of course, given the inherent anarchy of the capitalist system, the “coordination” is more in the nature of a self-reinforcing downward spiral, as each sector drags the others down with it. One sees the spiral right away…