Inflation and interest rates: ruling class prepares to impose pain Recent data has caused alarm amongst the ruling class, suggesting that inflation has become entrenched. In response, central bankers are looking to provoke a slump in the hope of quelling price rises. The only solution is socialist revolution.
Capitalism’s debt crisis: Expropriate the billionaires! Countries, businesses, and households across the world are drowning in debt. As interest rates rise, the danger of default looms. To avoid a catastrophe, calls for debt cancellation are not enough. Instead, we must fight for revolution.
Debt crisis: predatory powers fight over scraps in pillage of poor nations A bankruptcy crisis is looming over the world. The New York Times has called it “a debt crisis unlike anything we have seen”. This isn’t the threat of a handful of banking behemoths going under, however, but rather of entire national economies. Some 54 low and middle-income countries are today teetering on the edge of bankruptcy.
