By MICHAEL SCHREIBER Below are portions of the World Political Situation Report, delivered by Michael Schreiber to the Socialist Action National Convention on Oct. 18. Capitalism’s offensive against the world’s working class—which gathered momentum as a consequence of the major economic recession that began in late 2007—continues unabated. Even in the major industrial nations, the … Continue reading Europe hit by economic slowdown
Tag: economic crisis
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 … Continue reading The real roots of the U.S. economic crisis