On January 3rd, Portland City Council betrayed the front-line workers of the city who have kept Portland running during the COVID pandemic. City Council voted to repeal the COVID state of emergency, put in place earlier in the pandemic, which allowed for mandatory hazard pay for workers. In the same breath, they voted to reinstateContinue reading “No Pay Cuts During the Pandemic – Reinstate Hazard Pay!”
Category Archives: Economy
Capitalism in Crisis: Socialist Solutions Needed
by Elisabeth Wichser This article was originally published in Socialism Today, the paper of the Independent Socialist Group. Subscribe to the paper to receive each issue in print and read the articles before they’re published online! The signs of capitalist crisis are everywhere. Year two of the COVID-19 pandemic rages on. Your landlord wants toContinue reading “Capitalism in Crisis: Socialist Solutions Needed”
Who Will Pay for the COVID Crisis?
by T.R. Whitworth This article was originally published in Socialism Today, the paper of the Independent Socialist Group. Subscribe to the paper to receive each issue in print and read the articles before they’re published online! The COVID-19 pandemic has laid bare the contradictions of capitalism. Widespread death (over five million worldwide), unemployment, homelessness, andContinue reading “Who Will Pay for the COVID Crisis?”
Pandora Papers Reveal Ruling-Class Tax Evasion on a Global Scale
by Ashley Rogers The International Consortium of Investigative Journalists (ICIJ) announced a bombshell financial leak on October 3rd, revealing a cache of almost 12 million documents – nicknamed the “Pandora Papers” – relating to the offshore finances of the world’s most powerful politicians, businessmen, and heads of state. The depths of these files reveal theContinue reading “Pandora Papers Reveal Ruling-Class Tax Evasion on a Global Scale”
Exposing the Bloodsuckers: The Role of Commodity Traders in ‘Modern’ Capitalism
This article, written by Peter Taaffe, was originally published in the June 2021 issue of Socialism Today, the monthly magazine published by our co-thinkers in the Socialist Party of England & Wales. The Independent Socialist Group stands in solidarity with the Socialist Party as part of the Committee for a Workers’ International. The World forContinue reading “Exposing the Bloodsuckers: The Role of Commodity Traders in ‘Modern’ Capitalism”
Will China’s Bubble Burst?
This article, written by Hannah Sell, was originally published in the June 2021 issue of Socialism Today, the monthly magazine published by our co-thinkers in the Socialist Party of England & Wales. The Independent Socialist Group stands in solidarity with the Socialist Party as part of the Committee for a Workers’ International. Unlike many otherContinue reading “Will China’s Bubble Burst?”
INTERVIEW – Does “nobody want to work anymore”?
Capitalism’s “labor shortage” from the perspective of a tipped worker.
Rich Dodge Paying Taxes by the Billions
by Jai Chavis In October 2020, wealth data showed that the 50 richest Americans owned as much wealth as the bottom 50% of the US population, a stark reminder of how extreme income inequality and profit accumulation has become in the past few years. Inequality has accelerated through the huge profits gained by the richestContinue reading “Rich Dodge Paying Taxes by the Billions”
Global capitalism at most perilous since 1930s
The following is an article that was originally published on socialistworld.net, the website of the Committee for a Workers’ International on January 13th by Robin Clapp, Socialist Party of England and Wales For over a year, the Covid-19 pandemic has wreaked havoc across the globe, causing over two million deaths and unleashing enormous economic and socialContinue reading “Global capitalism at most perilous since 1930s”
Who Will Pay for the Coronavirus Crisis?
Every year, in every crisis, the rich have gotten richer, while the working class struggles to keep its head above water. Capitalism entails booms and busts where workers rarely benefit from the booms and are always hurt by the busts. As entire sections of the workforce either lost their jobs or have been unable to work due to COVID-19, the inevitable economic crash has come to a head once again—with this recession promising to be much more severe than the last. But this pandemic doesn’t need to be a death sentence for the working class.
Independent Socialist Group 