The economy is tipping into a deflationary crisis with a worsening debt crunch, falling wages and prices, and increasing reliance of fraudulent economic data
Editorial, issue 74 of Socialist magazine (China magazine published by ISA in China,...
The spectre of deflation
Tony Wilsdon, Socialist Alternative (ISA USA)
The collapse in oil prices in the second quarter of 2020 will be a further accelerator of the deepening world economic depression.
The New York Times writes: “Just a few month...
“The shock to the global economy from COVID-19 has been both faster and more severe than... even the Great Depression”
Per-Åke Westerlund Rättvisepartiet Socialisterna (ISA in Sweden)
That comment by economist Nouriel Roubini on 24th March indicate...
Sudden reversal of Beijing’s previous exchange rate policy underlines seriousness of China’s economic woes
Editorial comment by chinaworker.info
On Tuesday 11 August the Chinese central bank PBOC (People’s Bank of China) jolted global markets w...
China’s leaders in tough balancing act between growing debt mountain and falling growth rate
chinaworker.info
China’s central bank (PBOC) announced on Wednesday 4 February a half percentage point cut in banks’ reserve requirement ratio (RRR) in...
The close connection between racism and British capitalism has been re-examined by many workers and young people in recent years, particularly followi...
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