Partisan • Patriotic • Internationalist
The trajectory of the global capitalist economy reveals a deep and persistent malaise. Since the Great Recession of 2008-2009, G7 economies have failed to regain their former dynamism. The acute yet temporary recession triggered by the global pandemic has only exacerbated this long-term trend. Across the G7, metrics for business […]
AMONG OTHER brutal passings, going into May we pay tribute to Marx’s one and only paramour: the Paris Commune. “Its martyrs are enshrined in the great heart of the working class,” declared Marx, while Connolly, thirty years later, argued: “The Commune, if it had been successful, would have inaugurated the reign of real freedom the world over—it would have meant the emancipation of the working class.”
WHATEVER WAY one looks at it, the reality is that this crisis, and its four forms— environmental, health, economic, and political—will prove to be worse than 2008. The fact that China’s economy has slowed down, for the first time in decades, only shows that this crisis will be a global affair, rather than a Western financial crisis, as happened in 2008. The 2020 crash will be a