Grace Blakeley is a staff writer at Tribune, and the author of Stolen: How to Save the World from Financialisation.
The pandemic was and remains brutal for average people. But not for the rich: central bank policies created 5 million new millionaires during the pandemic. It’s the latest sign that our economy is rigged for the wealthy.
The last year has seen the largest increase in billionaire wealth in history, but it has little to do with innovation — states across the world are pursuing policies which guarantee that the rich get richer.
The only way to prevent devastating COVID-19 crises like the one currently underway in India is to challenge the power of Western states and corporations.
Last April, Keir Starmer was elected party leader on a promise to make Labour a “real opposition” again. Yet instead of pushing back on a dangerous right-wing government, he’s decided to make the socialist left his main enemy.
Capitalism is often presented as synonymous with peaceful exchange. But the system has always reproduced itself through violence in defense of private property and power.
Bill Gates is making the rounds promoting his plan to solve climate change. But his new book ignores the fact that the same capitalist system that made him rich is the one killing the planet. We need a working-class environmentalism.
The Reddit-led GameStop short squeeze wasn’t a threat to capitalism, but it did reveal to a huge number of people that the system is rigged. That’s popular education socialists should be grateful for.
In both Britain and the United States, a resurgent political center has declared war on the Left. But establishment politics and pro-corporate measures will only deepen the present crisis.
Philosopher and activist Cornel West discusses the presidential election and why a democratic socialist vision is necessary to overcome capitalism and build a better society.
Longtime leftist writer and activist Naomi Klein discusses her work from No Logo to On Fire, connecting the fight against climate change to the fight for good jobs, and how COVID-19 is showing the utter failure of the neoliberal model.
Billionaires like Jeff Bezos aren’t obscenely wealthy because they work harder than everyone else or they’re more innovative. They’re obscenely wealthy because their corporate empires drain society’s resources — and we’d all be better off without them.
The United Kingdom is headed for a massive economic crash. Unsurprisingly, the Tories’ proposals for fixing it fall far short. We need significant intervention by the state, not a wild throwing of money at corporations and praying they’ll use it to help us.
More low-income voters backed the Tories than the Labour Party in the 2019 election for the first time ever. Labour’s decision to side with the establishment rather than the voters over Brexit pushed them into the Tories’ arms.
Stock markets across the world are rallying as lockdowns lift and central banks pump money into the economy. But the economy isn’t on the mend — on the contrary, this will likely be a calm before the storm of yet another devastating crash.
A new book uncovers the reality of America’s victory in the Cold War — detailing how massacres of leftists in twenty-two countries helped to overcome resistance to capitalism across the world, writes Grace Blakeley.
The links between business, finance, and the state do not represent a perversion of liberal democracy — they are an unavoidable feature of capitalist political economy.
An important new book, Sabotage: The Hidden Nature of Finance, skewers the destructive role of finance in our economic system. But its authors shy away from the radical implications of their analysis and end up peddling technocratic illusions about the necessary cure.
Despite this weekend’s defeat for the Left in the leadership election, Jeremy Corbyn’s democratic socialism remains hugely popular among Labour members – and the only way out of the economic crisis we find ourselves in. As Corbyn himself put it: “There is no such thing as Corbynism. There is socialism.”
In 2008, they told us not to “politicize” the crash. We ended up with a decade of austerity. The coronavirus crisis will reshape the economy in profound ways — now is the time to make socialist arguments about how to respond.
Today’s coronavirus crash in the stock market exposed the frailty of global capitalism. With governments tapped out on quantitative easing, only significant public investment on the scale of a Green New Deal can prevent a slump.