Recurrent economic crises are built into capitalism. Whether the next one is triggered by over-zealous action by the Reserve Bank, the collapse of the AI investment bubble or something else, the number of people living in poverty will skyrocket again,
A world run by workers has the potential to replace profit making with rational organisation: to go from a society in service of the wealthy to one that serves us all. Fulfilling this potential is not a straightforward task, but it is an important and necessary one.
China is home to 700 million workers. Those who hate capitalism must be able to look them in the face and call them—without caveat, hesitation or hypocrisy—our siblings in chains, our comrades in struggle, our world’s grandest hope for a new beginning.
The metaphor of a tinderbox is one of the most overused in politics. But how else could you describe the situation in Europe today, where every small spark of resistance seems to be catching and turning into a powerful blaze?
The bosses are trying to convince workers that lower corporate taxes, fewer regulations and workers’ rights, and less union power would be good for real wages. What they really want is more profits.
