Housing crisis intensifies internationally: expropriate the speculators! The crisis of capitalism has many expressions: new wars and inter-imperialist conflicts, environmental destruction, the growing chasm between rich and poor, the decline of science and culture, etc. One especially conspicuous symptom of capitalism's failure is its inability to provide the basic human need for adequate housing, even in the wealthiest countries.
Another global recession is coming This article, which was published in June 2023, has been confirmed in all essentials by events. Since it was written, world debt has broken new records, the American and Chinese economies have continued to slow down, and European industry has been devastated.
Mpox: nothing learned from COVID-19 A new strain of Mpox is tearing through Central Africa. Since the start of the year, 13 African countries have reported more than 22,800 Mpox cases and 622 deaths, which represents a 160 percent increase compared with the same period in 2023. This is likely only a fraction of the real number. What is clear is that, four years on, nothing has been learned from COVID-19.
The global crisis of 1973-75: a turning point for capitalism 50 years ago, after the long postwar boom, the world economy experienced its first truly global crisis. Falling output and spiralling inflation combined to devastate the working class. Today, capitalism faces similar turmoil. It must be overthrown.
Arms manufacturers make a killing on imperialist rearmament “War is a terrible thing? Yes, but it is a terribly profitable thing,” Lenin once remarked. The ongoing aggravation of inter-imperialist conflicts and proxy wars is once again proving Lenin entirely right. As thousands are being butchered in Gaza, Ukraine, Congo, Sudan and elsewhere, and as defence spending is rocketing globally, a handful of capitalists are lining their pockets. The working class is having to foot the bill for this deadly spending spree.
