Economy

ISG in Action: Railroad Workers United (8/9/2023) - by Nicholas Wurst & Claire BaylerWorcester, MASMART-TD Local 1473 (personal capacity) & Railroad Workers United (personal capacity) This article was originally published in Edition 13 (July 2023) of 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!Continue reading "ISG in Action: Railroad Workers United"
Workers Made to Pay for Bank Failures (6/23/2023) - Lauren Gamble Portland, Maine It has been a month since the Silicon Valley Bank (SVB) collapse and government-sponsored bailout, and now the working class feels its effects. A wave of layoffs and job losses is devastating Silicon Valley. 10,000 employees were laid off in March from Meta, Facebook’s parent company, on top of 11,000 jobsContinue reading "Workers Made to Pay for Bank Failures"
Why We Need Public Ownership of the Railroads (5/6/2023) - by Nicholas Wurst & Claire BaylerWorcester, MASMART-TD Local 1473 (personal capacity) & Railroad Workers United (personal capacity) In October of 2022, amid the highly contentious battle over the Class 1 freight railroad workers’ contract, Railroad Workers United (RWU) adopted a resolution calling for public ownership of the railroads. RWU is an activist organization of rank-and-fileContinue reading "Why We Need Public Ownership of the Railroads"
Interview with a Teamster: Union Busting & Corporate Maneuvers at UPS (4/11/2023) - by Nicholas Marcotte Ronan Foley has worked as a part-time package handler at the UPS hub in Shrewsbury, MA for over a year and is a member of Teamsters Local 170 and the Independent Socialist Group. UPS is not only one of the largest logistics companies in the world, but also is one of theContinue reading "Interview with a Teamster: Union Busting & Corporate Maneuvers at UPS"
SHOCKS TO THE SYSTEM: Workers Shouldn’t Pay for Banking Crisis (4/8/2023) - A bank run on Silicon Valley Bank (SVB) in mid-March led to its collapse. It’s the second-largest bank failure in US banking history behind the collapse of Washington Mutual during the 2008 “great recession.” As panic from the collapse of SVB rolled through the system, the federal government closed Signature Bank in New York, resulting in the third-largest bank failure in US history. 
Meet a Socialist – March 2023 (3/22/2023) - by Angus McFarlandMaine Some years ago, my father died, and a few years after that, my son was born. As a carpenter, I couldn’t afford to take much time off for either event, so I worked, using methods taught to me by my father to support the life of my little son. His birth madeContinue reading "Meet a Socialist – March 2023"
The Forever Crisis of Capitalism (3/14/2023) - by B.W. SculosEdinburg, TXRio Grande Valley United Faculty, TFA, NEA member (personal capacity) Higher credit card and mortgage interest rates, rising cost of food and many other necessities at grocery stores, soaring energy prices, shortages of life-sustaining medications. These are the daily economic experiences of people across the United States and around the world. HoweverContinue reading "The Forever Crisis of Capitalism"

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