July 19, 2024
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    Deflation

    China’s involuted economy

    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,...

    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...

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    United States: Trump assassination attempt helps the right

    Assassinations offer no way forward. We need a revolution to dismantle the sick system of capitalism, get rid of capitalist servants like Trump and Biden, and transform society along socialist lines.

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