After placing hefty tariffs on solar panels, washing machines, steel and aluminium, Trump is now picking a fight with China. His latest proposals target $60bn worth of Chinese exports, and threaten a trade war between two of the largest economies in the world.

In the last week, US President, Donald Trump announced his intention to raise tariffs on steel and aluminium imports, threatening to start a dangerous trade war with the rest of the world. This could plunge the world economy into another deep slump.

The last two months have seen renewed worries about the economy. It was meant to be a period of optimism, with plenty of positive figures on unemployment, wage growth and so on. Yet in spite of the figures, the markets are jittery and the bourgeois is gradually realising that none of the problems that caused the crisis in 2008 have been resolved. If anything, they have become even worse.

A pesar de toda la euforia del último periodo acerca de la recuperación de la economía mundial y el crecimiento bursátil, los acontecimientos han dado un brusco giro a peor. La semana pasada, las bolsas de todo el mundo se derrumbaron.

Despite all the euphoria in the past period about the world recovery and booming stock markets, events have taken a sharp turn for the worse. Over the past week, stock markets around the world have plunged.

Earlier this month, Oxfam published the latest statistics on wealth inequality. They reveal that the slogan of “we are the 99 percent” really is true. The richest 1 percent globally own more than the rest of us put together. 42 billionaires own the same wealth as the 3.6 billion people who form the poorest half of the world's population.

This article, written for Socialist Appeal, was published a matter of days before Bitcoin's value collapsed by half overnight. This catastrophic downturn proves everything we have written about Bitcoin and how it reflects of the general crisis of capitalism.

The news of heavy fraud and corruption in two of South Africa’s biggest monopolies has thrown the big capitalists into turmoil. The scandals, which broke out almost simultaneously, involve two global behemoths, Naspers and Steinhof, and implicate some of the very biggest tycoons in the country, such as Christo Wiese, Markus Jooste and Koos Bekker.

British capitalism is clearly in a parlous state. The miserable spurt of growth of a few years ago has completely run out of steam, leaving the UK in a disastrous position. All the economic forecasts from the top institutions for the coming period have been downgraded from those of a year ago.

The lack of any major announcements in this year’s budget, delivered on 22 November by the chancellor, Philip Hammond, reflects the insoluble web of contradictions that now entangles the Tory government.

Rob Sewell looks at the damning condemnations against the capitalist system being uttered by none other than the capitalists themselves. By examining the ominous warnings of the Financial Times - a key bourgeois mouthpiece - Rob explains that even the capitalists see the writing on the wall...

Just when Theresa May and the Tories would have been hoping for some respite after a dismal conference period, the OBR (Office for Budget Responsibility) has sent a shockwave through British political and business circles. In its annual “Forecast Evaluation Report” (FER), published this month, the OBR downgraded the UK’s economic outlook, having revealed that both GDP and productivity growth had consistently fallen short of OBR predictions over the last two years.

A recent study on tax evasion and inequality carried out by a group of Scandinavian economic researchers reveals just how big a part of the upper 0.01%’s fortunes is hidden in foreign bank accounts. On this basis, the study finds that inequality is probably far higher than originally assumed. This clearly shows how the capitalist system has reached a dead end. These contradictions can only be solved through socialist revolution.

 "Today, in numerous areas, from automation to green energy to information technology, we are seeing a validation of Marx's assertion: that society's productive forces at a certain stage come into conflict with the way in which society is organised. These "economic singularities", as Adam Booth discusses, demonstrate clearly that the system has broken."

Universal basic income (or UBI), an unconditional payment to all citizens, has become part of the economic zeitgeist in recent times, embraced by advocates on both the Left and the Right as a solution to the symptoms and sores of the crisis-ridden capitalist system.