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Introduction: The
United States is the leading capitalist country in the world, and as such
the class struggle and economic developments that take place here are of
utmost importance. While the U.S.
is the leading capitalist country, it faces intense competition with the
European Union, Japan and others – fueling an ever more fierce attack on
the wages, unions and living standards of working people.
We’ve set up this page to provide readers with
a sample of our economic analysis, along with some essays on Marxist
economics in general. We invite your feedback on the materials posted on
this page.
Economic
News & Views:
 The Ongoing
Economic Crisis: Just as even the most
bullish economists were admitting the US is already in a recession, and
indications were mounting that it will be a long-lasting one that could become
a full-blown depression, the first domino in what could be a series of
failing financial institutions toppled. continued
The Iraq War
& the Economy: The New York Times report
on 5th-anniversary antiwar protests claimed that "while the banners
and bullhorn rhetoric were strident, the mood among some was pessimistic.
'The war is not going to end,’ said Bob McGee. 'It doesn't matter who
wins the election. The only thing that's going to stop it is the
destruction of the economy.'"
continued
What’s
Behind the Economic Crisis? As
we go to press, Bush and Congress appear headed toward agreement on a
“stimulus package” of $146 billion centered on tax cuts of a few hundred
dollars per individual. This measly amount is supposed to revive the
economy and reassure the world’s stock markets. All presidential candidates
left standing have endorsed the package. continued
Economy in Doldrums as Credit Crisis
Deepens: At the beginning of this year, leading U.S. officials
and Wall Street "experts" insisted that the subprime mortgage
crisis - then in its beginning stages - was limited to a few, albeit
major, subprime lenders. It was well contained, they argued. In the
context of the overall health of the economy in all other sectors, the
pundits of capitalist stability insisted that there was little or nothing
to worry about. continued
U.S. Economy Weakens as Housing
Bubble Pops: The popping of the
housing bubble is spreading havoc throughout the economy and poses the
risk of a severe recession. Starting with the subprime mortgage market,
the credit crunch resulting from rising defaults soon spread to the
market for even the most expensive homes bought by those with the best
credit. continued
Bush’s Health Care Plan Pushes Costs
Onto Workers: In his State of the
Union speech on Jan. 23, George Bush proposed a plan to gut the country's
employment-based health insurance system. In an attempt to force workers
to buy their own cheaper and less comprehensive coverage, it would
provide tax breaks up to $7500 for individuals and $15,000 for families.
And workers with employer-provided insurance would have to pay taxes on
any coverage over $15,000. continued
Gulf Coast Disaster: The Result of
Capitalist Greed: The devastation and human suffering wrought by Katrina
is not just a so-called natural disaster. It is above all else a crime
perpetrated against the people of this country. Everything evil and barbaric in capitalism is being exposed
as this crisis unfolds, from the long-term environmental degradation and
disrepair that has been accumulating for decades to the immediate failure
to mobilize the full power of the federal government to meet human
needs. continued
 Oil Uber
Alles: If you understand the
importance of oil to modern capitalism, you will understand a great deal
indeed. Oil prices briefly hit $57 a barrel in early April,
continuing an 18-month rise. Remember that in December 2003 oil prices
were around $29 a barrel and expected by the know-it-all Wall Street
analysts to stay at about that price in the coming year. Instead, prices
have risen steadily while at the same time fluctuating considerably due
to supply disruption and a fluctuating albeit high demand. continued
The Decline
of the Dollar: The dollar has continued to
decline against the euro and most other major world currencies. On Dec.
23, one euro sold for US$1.35, a drop of 7 percent since the Nov. 2
election and a drop of almost 35 percent over the past two years.
continued
Archived
Articles:
U.S.
Economy:
The Ongoing
Economic Crisis
The Iraq
War & the Economy
U.S.
Economy in Doldrums as Credit Crisis Deepens
U.S.
Economy Weakens as Housing Bubble Pops
Bush's
'Free-Market' Health Care Plan Pushes Costs Onto Workers
Theft at the Pump
Down With King Coal!
Oil Uber Alles
Down on the
'Socially Responsible' Farm
Lockheed, King of Warfare
The decline of the
dollar
U.S. Flu Vaccine
Shortage Exposes Crisis in Health Care
Greenspan’s
Natural Gas
What is
Behind the Martha Stewart Scandal
$7 a
Gallon?
Bush Budget
Offers More to Military, Less to Social Programs
Marx's
Predictions Haunt Current Economy
Worst Job
Crisis Since the Great Depression
Budget
Deficit: Boondoggle 4 the Rich
The MCI
WorldCom Scandal & Capitalism
The Economy
Reels
Music
Industry Attacks Consumers
Fast Food
Nation
Economy on
the Rebound? Ask the Folks without Jobs
Capitalist
Plunder and the Worlds Economic Crisis
Power
Companies Rake in $$$ from Energy Crisis
Energy
Corporations Reap Profits from California 'Crisis'
Globalization:
Kenya - Neocolonialist
Model of Stability in Africa Explodes
Nestle Attempts to
Privatize Northern California Headwaters
Capitalism
is in Hot Water
World Food
Day 2004: The political Economy of Hunger
Mexico
Gripped by Economic Stagnation
Global
warming: A capitalist crime against humanity
Workers in
Europe to spend more hours on the job
Got Water?
Stop the
FTAA!
War and the
Anti-globalization Movement
A Look @
Starbucks
The
Anti-sweatshop Movement
Lessons
From the WTO Protest
Prague
Bankers Claim They Want to 'Help the Poor'
U.S.
Customs Ignores Child Labor Practices
From Cold
War to Oil War
Japan's
Economy Faces Collapse; a Harbinger of World Crisis?
The New
Slavery and the New World Economy
Globalization,
Human Needs & the Fight for Social Justice
Globalization...
What it is and how to Fight it
The
Destruction, Resurrection, and Eclipse of Japan
Anti-Poverty:
Canadian
Sweatshop Operator in Haiti Reports Banner Year
CEO Salaries Soar
Payday loan sharks circling
A Look @
Gov't. Housing Subsidy Cuts
Is 'Trickle
Up' Economics Working?
Hunger,
Poverty & Capitalism
The Myth of
'Too Many People'
Marxist
Economic Theory:
A Short
Introduction to Marxist Economics
Marx's
Economic Theory - General Approach & Influence
Marx's
Theory of Surplus-Value
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