Capitalism and inequality
US universities have cut 650,000 jobs, a 13 percent workforce reduction, since the onset of the pandemic
By Alex Findijis, 26 February 2021
Thousands of adjunct faculty members have seen their courses canceled and their paychecks eliminated as programs are consolidated and courses move online.
By Tony Jackson, 26 February 2021
A disproportionate amount of preventable human suffering fell on the oldest, most isolated, and most dependent members of society.
By Robert Stevens, 25 February 2021
With all lockdown measures set to end by June, those who have been shielded to some extent by furlough scheme and other social support will face the class war agenda pursued by the British ruling class as it seeks to complete the post-Brexit “Thatcher Revolution.”
25 February 2021
By Genevieve Leigh, 25 February 2021
Despite the dire conditions facing workers, President Joe Biden has already given numerous indications that the meager minimum wage increase proposal will likely be stripped from the bill.
By Nick Beams, 24 February 2021
Outlining monetary policy—the central concern of Wall Street—the Fed chair emphasised that the present ultra-loose regime would continue even if inflation began to rise and there was a tightening in the labour market.
Australian government intent on scrapping JobKeeper and slashing JobSeeker despite mass unemployment
By Martin Scott, 24 February 2021
The government insists that both the wage subsidy and the JobSeeker supplement must end next month to stop “adverse incentives.”
By Trévon Austin, 23 February 2021
The lawsuit accuses the energy companies of gross negligence and placing profits ahead of the welfare of the population by failing to follow long-standing recommendations to winterize the power grid and misleading residents about how long blackouts would last.
By William Quartermaine, 21 February 2021
In addition to the social crisis brought on by the storm in the United States, the populations of Mexico and Canada saw the extreme cold and snow knock out power and strain critical infrastructure.
By Tom Carter, 21 February 2021
The Texas catastrophe lays bare the real state of class relations in the richest country in the world and makes clear why essential infrastructure can no longer be entrusted to the capitalist oligarchs.
By Nick Beams, 21 February 2021
Apart from revealing some aspects of the role of Robinhood in the GameStop bubble, a US congressional hearing on Thursday exposed some details about its modus operandi, which is assuming greater significance in the market as a whole.
By Aaron Murch, 21 February 2021
The city’s mayor reported late last week that there is no definite timetable for whenwater service will return for thousands of city residents, who must now rely on bottled water.
Opposition to relocation of toxic metal recycling plant to Chicago’s working-class South Side raises political questions
By George Gallanis, 21 February 2021
While there is widespread opposition to the relocation of the General Iron plant to Chicago’s working-class South Side, the politics of the opposition must be scrutinized.
By Bryan Dyne, 20 February 2021
If society operated on the principle of rationality and human need, not the insatiable greed of the rich, the scientific advancements that made possible the Mars rover would be used to end the many ills that plague humanity.
By David Walsh, 20 February 2021
Frances McDormand plays Fern, a 60-year-old woman at economic and personal loose ends. She lived for decades in Empire, Nevada, a company town owned lock, stock and barrel by the United States Gypsum Corporation.
By Eoin Oisin, 20 February 2021
Economic crises are notoriously fertile grounds for militaries to recruit applicants who would otherwise study or work.
By Chase Lawrence, 20 February 2021
The phrase “too little, too late” does not even begin to scratch the surface of the essentially non-existent and frankly ridiculous response of the Biden administration to a still unfolding catastrophe which has killed dozens of people.
By Trévon Austin, 19 February 2021
Texas residents on variable rate electricity plans have been hit with electricity bills for tens of thousands of dollars after the market price of electricity soared this week amid a collapse of the power system.
Another 861,000 US workers file for unemployment as corporations exploit pandemic to restructure operations
By Jerry White, 19 February 2021
A new McKinsey Global Institute report predicts that the decline in business travel and increase in working from home will lead to fewer jobs at hotels, restaurants, mass transit and retail, while corporations employ new labor-saving technologies in factories.
By Kate Randall, 19 February 2021
A new study from the Centers for Disease Control and Prevention shows that in the first half of 2020, life expectancy dropped by more than one year as COVID-19 ripped through the population.
19 February 2021
19 February 2021
By Chase Lawrence, 19 February 2021
Republican Senator and coup conspirator Ted Cruz, in an act of complete indifference, flew to Cancun, Mexico with his family for a vacation while a disaster unfolded across Texas, leaving dozens dead.
By Patrick Martin, 18 February 2021
Millions have been without power for days in the state that produces more electricity than any other in the United States.
By Nick Beams, 18 February 2021
The bitcoin speculation mania is only the most egregious example of what is taking place throughout the financial system.
By Cordell Gascoigne, 17 February 2021
More than 20 deaths have been linked to Winter Storm Uri, including a woman and her three elementary-school-age grandchildren who died in a house fire around 2:00 a.m. Tuesday in Sugar Land, Texas.
By Cole Michaels, 16 February 2021
Such an unprecedented situation is the byproduct of a growing social crisis in which millions have been left without jobs and financial assistance.
By Richard Tyler, 16 February 2021
Correspondence between the queen’s private lawyer and civil servants responsible to Edward Heath’s Conservative government in 1973 documents how the monarch objected to anything that might reveal her private investments in listed companies.
By Wasantha Rupasinghe, 16 February 2021
The Delhi police, which are directly controlled by Modi’s chief henchman and Home Minister, Amit Shah, have filed First Information Reports against hundreds of farmers and more than 40 farmer leaders.
Severe winter weather leaves millions without electricity during record cold temperatures across the US
By Alex Findijs, 16 February 2021
Texas, in particular, has faced some of the most severe fallout from the storm. Governor Greg Abbott called the storm “unprecedented” and remarked that snow and ice would make travel in the coming days “virtually impossible.”
By Thomas Scripps, 16 February 2021
The White Paper formalises the process of privatisation and outright cronyism that ran riot during the pandemic.
15 February 2021
By Tom Peters, 13 February 2021
Residents of Waikouaiti and Karitāne are demanding answers after dangerous levels of lead were detected in their drinking water.
By Shawn Velia, 13 February 2021
Los Angeles Mayor Eric Garcetti has announced that five vaccination sites must close for at least two days due to an inadequate supply of COVID-19 vaccine, leaving thousands in the lurch.
By Shannon Jones, 12 February 2021
February marks the 11th consecutive month since the start of the pandemic last March, where new weekly unemployment claims have stood above 700,000, a level without modern historical precedent.
9 February 2021
By Clement Daly, 7 February 2021
El, a former barista, endorses the call to close all schools and nonessential workplaces and supports the formation of rank-and-file safety committees to advance the independent interests of the working class in the struggle against the pandemic and the murderous “herd immunity” policies of the ruling class.
January jobs report shows ongoing economic disaster as US Senate strips minimum wage increase from the relief bill
By Shannon Jones, 6 February 2021
Senate Democrats agreed to remove an immediate increase in the federal minimum wage from the Biden administration’s economic relief package as economic figures from January show almost no jobs growth.
For an independent movement of the working class to fight the privatisation of Colombo Port! Oppose anti-Indian campaign! Fight for a socialist program!
Statement of the Socialist Equality Party (Sri Lanka), 5 February 2021
The struggle against the privatisation of Colombo Port sharply highlights the geopolitical issues confronting the working class in Sri Lanka, South Asia and internationally.
Kroger grocery chain closes Southern California stores due to new “hero pay” laws leading to worker protests
By Rafael Azul, 5 February 2021
The grocery chain made $2.6 billion in profits between February 2 and November 7 last year, out of which it used $989 million for stock buybacks.
By Tom Hall, 5 February 2021
The world’s 14th richest human used the interview to denounce teachers for resisting unsafe reopenings and demand that President Biden crack down on Chicago teachers.
4 February 2021
New York’s COVID-19 nursing home deaths severely undercounted while Cuomo forced out public health officials
By Josh Varlin, 4 February 2021
Nursing home deaths in the state due to the pandemic have been drastically undercounted by nearly 50 percent.
UK: Government report describes appalling official treatment of seriously disabled Philippa Day who took her own life
By Dennis Moore, 4 February 2021
Analysis carried out by the Disability News Service suggests that there could have been as many as 750 benefit claimants of working age who took their lives in 2018.
Luis Daniel Prieto, informal worker in Mexico, arrested for protesting poverty conditions during pandemic
By our reporters, 3 February 2021
The arrest is an ominous sign that Prieto is being targeted by the state forces as they turn to increasingly dictatorial methods to suppress social opposition during the pandemic crisis.
3 February 2021
2 February 2021
By Barry Mason, 2 February 2021
Nearly 800 flood defence assets were classed as very poor, having severe defects which could lead them to fail completely.
2 February 2021
By Nick Beams, 31 January 2021
The GameStop frenzy is only the most egregious expression of the speculative bubble that is Wall Street as a whole, and the complete divorce of the entire financial system from the underlying real economy.
By Ray Coleman, 30 January 2021
Tonisha Lashay Barker, who leapt to her death from a Tennessee overpass holding her infant son on January 4, had recently been laid off from her job at a state-run COVID-19 testing site.
By Andre Damon, 29 January 2021
Economists have warned that GameStop shares are behaving like a classic pump-and-dump scheme, in which sophisticated investors goad novices to drive up the price of a stock, then sell it, leaving small investors holding the losses.
By Shannon Jones, 29 January 2021
In stark contrast to the stock market frenzy, the government reported this week that US GDP fell 3.5 percent in 2020 while new claims for jobless benefits continued at historically unprecedented levels.
By Elisabeth Zimmermann, 29 January 2021
The homeless, the poorest section of the population, are also seriously affected by the coronavirus crisis.
By Angelo Perera, 29 January 2021
In the heart of Silicon Valley, there are 25-30 eviction hearings a week despite the ongoing pandemic and an extended federal moratorium on evictions.
29 January 2021
By Saman Gunadasa, 29 January 2021
While the government’s policies are massively benefiting wealthy elites, the poor face escalating attacks on social conditions.
27 January 2021
Farmers protesting Modi’s pro-agribusiness laws clash with security forces on streets of India’s capital
By Keith Jones, 27 January 2021
Shaken by yesterday’s events, the BJP government has ordered additional security forces be deployed in Delhi, and placed Haryana and the Punjab under “high alert.”
By Robert Campion, 26 January 2021
Environmental scientists and advocates have pointed to the devastating effects of deforestation from palm oil and mining operations that have contributed to flooding and landslides.
By Wasantha Rupasinghe, 26 January 2021
The farmers’ agitation has compounded the enormous social and political crisis facing the Modi regime and India’s ruling elite as a whole.
Inequality expected to rise in every country “simultaneously”
By Jacob Crosse, 26 January 2021
The annual report on inequality exposes the effect the pandemic and the response of governments around the world has had in exacerbating social inequality.
By Cole Michaels, 25 January 2021
Mass unemployment and the miserable levels of state aid available are sowing increasing devastation throughout the region.
By Alejandro López and Alex Lantier, 23 January 2021
The ruling class orders workers and youth back to work and school, knowing thousands will get sick and die, knowing they can illegally obtain the vaccine for themselves.
By Isaac White, 23 January 2021
The cuts will cause untold misery among the most vulnerable layers of the population.
By Mike Head, 23 January 2021
More than three million workers remain unemployed or “underemployed” and another 1.5 million are on JobKeeper wage subsidies that the government is terminating in March.
By Jacob Crosse, 22 January 2021
Despite the urgent need for additional stimulus, reports indicate that another relief bill will not be passed until March.
By Lily Zhao, 22 January 2021
The tragic attempt by this food delivery worker to take his own life has not only revealed his desperate plight, but also the broader exploitation of workers in China.
22 January 2021
By Andre Damon, 19 January 2021
While Biden has claimed that he would “listen to the science” in the COVID-19 pandemic, he has in reality pledged to continue the Trump administration’s drive to prematurely open schools and businesses.
By Jason Melanovski, 19 January 2021
While still providing military backing to the Kiev government in its ongoing civil war with Russian-backed separatists in eastern Ukraine, US and European imperialism have refused to provide even minimal vaccine assistance to the poorest country in Europe.
By Clara Weiss, 19 January 2021
Navalny’s return to Russia and his arrest have unfolded in the context of growing geopolitical tensions and the staggering political crisis in the United States.
By Alex Lantier, 19 January 2021
Ten years after revolutionary uprisings in Tunisia and Egypt, explosive anger is building in working-class districts across North Africa amid the COVID-19 pandemic.
By Benjamin Mateus, 19 January 2021
The global vaccination distribution has been characterized as a “catastrophic moral failure” by the WHO’s director-general. Despite the US predominance in access to these life-saving vaccines, its national vaccine initiative has been a dismal disaster.
By Andrea Lobo, 19 January 2021
Two months after hurricanes Eta and Iota devastated the region and as the pandemic crisis continues, caravan members are escaping conditions of absolute destitution.
By Elisabeth Zimmermann, 18 January 2021
The German employment agency published the official unemployment figures for December 2020, reporting an increase to 2.7 million unemployed, 480,000 more than in the same month last year.
By Jacob Crosse, 16 January 2021
The package, which falls woefully short in meeting the current crisis for millions of workers and their families, will be further watered down as the Democrats seek “bipartisan” support from Republicans.
By Shannon Jones, 15 January 2021
The adjusted number of new jobless claims rose to 965,000 for the week ending January 9 as the US Federal Reserve reports 20 percent of low-income workers are unemployed.
By Robert Stevens, 14 January 2021
Many expressed disgust and denounced the profiteering from poverty during the school closures necessitated by the pandemic
By James Vega, Debra Watson and Eboni Davis, 14 January 2021
Since mid-October more than 13,500 people in the U.P. contracted the virus, a three-fold increase since the pandemic began in March.
By Nick Beams, 14 January 2021
Concerns are starting to be voiced that the orgy of speculation, literally feeding off the death and destruction of the pandemic because of the actions of the Fed, could end in a major crash.
By Jean Shaoul, 13 January 2021
Such is the anarchy of the market and the indifference of the financial oligarchs to anything other than their own interests that governments that have been able to do so have been shoring up their food supplies, setting in motion a ferocious national competition, adding to demand and fuelling price rises.
By Fu Hong, 13 January 2021
Some of China’s wealthiest capitalist entrepreneurs are members of the Chinese Communist Party (CCP), have been delegates to the National People’s Congress, or are members of the associated People's Political Consultative Conference.
By Carolyn Kennett, 12 January 2021
The data points to the long-term impacts on young people of a two-tiered system of education that perpetuates inequality.
By Margot Miller, 11 January 2021
The wealthiest one percent owns 23 percent, almost one quarter of the country’s aggregate wealth, rather than 18 percent stated by the government.
By Jessica Goldstein and Tom Hall, 11 January 2021
Perhaps more than anyone else, Musk personifies the parasitic character of the corporate-financial oligarchy which dominates society.
9 January 2021
By Tom Hall, 9 January 2021
The disastrous Labor Department report did not halt the speculative orgy on Wall Street, where the run-up in share values is driven by an endless flow of free money from the Federal Reserve.
8 January 2021
By Shannon Jones, 8 January 2021
Weekly unemployment claims remained steady at just under 790,000 for the week ending January 2, as economic data pointed to a net loss of jobs in December after months of gains.
By Nick Beams, 8 January 2021
The main source was in speaking fees, particularly from Wall Street banks, including $992,000 which Yellen received from the Citi investment bank for nine appearances.
By Virginia Browne, 8 January 2021
Illegal labour hire practises, severe underpayment and brutal exploitation of international backpackers are endemic in Australia.
By Patrick O’Connor, 7 January 2021
For tens of thousands of people, the desperate search for flecks of gold provides the only means of survival.
By Nick Beams, 7 January 2021
Even on the World Bank’s most optimistic scenario, the level of global gross domestic product in 2021 is expected to be 5.3 percent below pre-pandemic projection, equivalent to a loss of output of $4.7 trillion.
By Barry Mason, 7 January 2021
A third lockdown is now underway and the Conservative government has committed no more funding to deal with the homeless crisis and consigned its Everyone In scheme to the scrapheap.
By Ozan Özgür, 6 January 2021
While big business rakes in billions in profits during the pandemic, the Erdoğan government has slashed living standards, with millions left unemployed.
6 January 2021
By David Fitzgerald, 6 January 2021
As the social crisis worsens and eviction orders proceed in the new year, local and state Democratic officials respond to the homeless population in Seattle and surrounding area with police repression and criminally inadequate resources.
By Oscar Grenfell, 5 January 2021
The cuts form part of a broader austerity offensive being enforced by Labor and Liberal governments at the state and federal levels, the trade unions and the largest corporations.
By Nick Beams, 5 January 2021
The latest rise in bitcoin has been fuelled, at least in part, by the fact that it is becoming more integrated into the global financial system amid rampant speculation that has lifted all financial assets.