September 28, 2022
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    Deflation

    Oil prices collapse

    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...

    A New 1930s: Lessons for Workers and Socialists

    “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...

    China’s devaluation: Currency war escalates

    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...

    What does China’s reserve ratio cut mean for its slowing economy?

    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...

    Latest News

    US: War of words on Trump home raid heats up

    We can’t rely on the state to fight Trump Tom Crean, Socialist Alternative (ISA in the United States) The FBI raid on Donald Trump’s Mar-a-Lago esta...

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