True Democracy Is Incompatible With Capitalism
In the past two decades, a succession of crises has led to the rise of authoritarian states, acutely showing how capitalism and democracy were never compatible to begin with.
67 Articles by: Grace Blakeley
Grace Blakeley is a staff writer at Tribune, and the author of Stolen: How to Save the World from Financialisation.
The Labour Party Refuses to Address the UK’s Economic Problems
Amid a brutal cost-of-living crisis after decades of austerity, popular support for progressive economic policy is the highest it’s been in years. Yet Keir Starmer’s Labour Party refuses to deliver — because it’s afraid of empowering workers.
The West’s Anti-Worker Interest Rate Hikes Are Drowning the Global South in Debt
Policymakers in the Global North have mostly responded to rising inflation by raising interest rates. That’s bad for their own workers — and it’s creating a debt crisis for many countries in the Global South.
BRIC Nationalism Is No Alternative
Developmentalist nationalism is a poor substitute for socialism.
The Market Will Never Solve the Climate Crisis
When oil prices plummeted during the pandemic, fossil fuel companies made vague efforts to invest in clean energy. Now pulling in bumper profits, Big Oil is discarding those initiatives to maintain their business model: capital over climate.
The Housing Crisis Will Persist Even If Housing Prices Fall
In the UK, housing prices are thankfully forecast to drop this year. But without a serious investment in social housing from the government, the housing crisis isn’t going to end.
Austerity Is to Blame for the UK’s Coming Recession
Much of the world is likely to have a recession this year, and Britain is expected to be especially hard hit. We can thank years of stagnant wages for workers — made worse by the Tories’ return to cruel austerity policies.
At Davos, Capitalists Are Trying to Solve the Problems They Themselves Create
At the World Economic Forum’s conference in Davos this week, elites will try to address problems from climate change to the threat of worldwide recession. But these elites’ endless thirst for profit created these problems — and will doom their efforts to fail.
In the UK, Public Sector Workers Are Striking Against Austerity
British public sector workers are striking to demand wage increases that keep up with the cost of living. The Tories claim the government can’t afford it ― but they had no problem lavishing cash on big business, banks, and landlords during the pandemic.
More Extreme Austerity Is Coming to Britain
Following Conservative British prime minister Liz Truss’s U-turn on tax cuts for the rich, the government is now set to attempt sharp spending cuts. More austerity would mean further punishing the poor and crippling already-starved public services.
Liz Truss Is Exacerbating Britain’s Deep Economic Woes
The British economy is in shambles. Yet new UK prime minister Liz Truss is making things far worse with a disastrous economic policy that does nothing for ordinary workers.
No, Rising Prices Are Not Being Driven by Rising Wages
It’s not rising workers’ wages that are causing spiraling inflation — it’s corporate profiteering.
The Solution to Britain’s Cost of Living Crisis Is Higher Wages
The cost of living crisis is causing Britain’s biggest fall in living standards in decades. The only way to change this: wage increases across the economy.
Workers Should Demand Higher Wages Right Now
Inflation is threatening to push millions into poverty. Forget what the establishment says: workers should demand higher wages right now.
Raising Interest Rates Is About Screwing Workers
Today’s right-wingers hope to solve the inflation crisis like they did in the 1970s: through hiking interest rates, suppressing wages, and defeating already-hurting workers. That’s how economists wage class war.
Billionaires’ Absurd and Growing Wealth Undercuts Democracy
The obscene wealth of the world’s billionaires doesn’t just mean they get to lead lives of luxury. It also means they have almost complete control of the economy — control that is fundamentally undemocratic and unjust.
The Central Banks Made the Superrich Even Richer During the Pandemic
Many claimed early in the pandemic that COVID-19 would flatten inequality in a deeply unequal world. Luckily for the ultrarich, central banks stepped in, making the global elite richer than ever.
Keir Starmer Is Labour’s Weakest Leader in Generations
Keir Starmer is a modern-day Neil Kinnock: a myopic and embattled leader who is far more focused on destroying his enemies than uniting the Labour Party behind a pro-worker agenda.
COVID-19 Accelerated the Corporate Takeover of the Economy
Unless working people organize to resist it, the legacy of the pandemic, like the legacy of the financial crisis, will be a permanent shift in power in favor of capital.
Debunking the Economist’s Myths of Free-Market Liberalism
The Economist’s liberalism is often framed as the politics of human rights and individual freedom, but its origins lie just as much in a fear of the masses and democracy.