No To APEC Steering Committee At the close of our People’s Counter Summit Against APEC, we issued a unity statement to summarize the positions of the No To APEC Coalition during our 2023 campaign culminating in the 800+ person Counter… Read More ›
Economy
The forces that nearly murdered me are meeting in San Francisco today
I was almost killed by Philippine troops upholding the global economic order on display at this week’s APEC Summit. Brandon Lee via The Nation Today, I will come face to face with the forces who nearly killed me. In 2019,… Read More ›
Economic growth, a double-edged sword
By Leonard Zorfass, Red Phoenix correspondent, New Jersey. Without a curtain to hide behind, or significant opposition to fear, the capitalist system finds itself grappling with soaring inflation even as the economy experiences relentless growth — including the job market,… Read More ›
Wherever APEC goes, the people fight back!
Unity Statement of the Pacific Northwest People Over Profit Coalition. Peoples’ Summit Against APEC, Seattle, Washington, July 29, 2023. The Asia Pacific Economic Cooperation forum (APEC), like other so-called “free trade” institutions like the World Trade Organization, exists to expand… Read More ›
Workers, migrants, women join forces at Peoples’ Summit to oppose APEC
On the weekend of July 29–30, members of the John Reed Division of the American Party of Labor attended the Peoples’ Summit against APEC in Seattle, WA. The Peoples’ Summit was organized by the Pacific Northwest People Over Profit Coalition,… Read More ›
The electricity market and the lie of “green” capital
By S. Argun, Red Phoenix correspondent, Seattle. The critical transition to renewable energy sources has been set up to fail by the economic restructuring of the electricity sector, which prioritizes market profits over anything else. The plummeting costs and rising… Read More ›
Tax Increment Financing (TIF) districts in Chicago — A new tool for the same bourgeoisie
By Keegan D., Red Phoenix correspondent, Illinois. Chicago has long been a city with a rich working class culture of music, food, art, and diverse communities. The city had several waves of both foreign immigration and domestic emigration. This was… Read More ›
The debt ceiling debate: An open attack on the working class
By Ian Ocx and Hari Kumar, Red Phoenix correspondents. Late in the night June 1, 2023, Congress voted to pass an agreement on the debt ceiling to prevent the US government from defaulting on its national debt. This debate recurs… Read More ›
Why were the rich depositors of the Silicon Valley Bank bailed out by the government?
By Hari Kumar, Red Phoenix international correspondent. The clientele of California’s failed Silicon Valley Bank (SVB) was the high tech “start-up” industry in Silicon Valley. Banking is a con industry. After all, if all depositors arrived at the bank at… Read More ›
Inter-imperialist Contention: China vs the United States
Central Organ of the Communist Party of Ecuador — ML (PCMLE). One of the present characteristics of the international situation is the confrontation between the United States and China. Both imperialist states are struggling for domination of the global economy… Read More ›
Inflation and recession, the cyclical crisis of capitalism
The prices for things keep rising: why? Nothing is untouched by inflation, not even books. The Economist recently reported that some publishers are actually starting to shrink the white space between characters and run text closer to the ends of… Read More ›
For railway workers, the fight is not over
By: Ryan P, Red Phoenix correspondent, Pennsylvania. It is undeniable that, in America, railroad workers are severely underappreciated. Their jobs are physically demanding and require them to always be on call. Considering the heavy workload and the vital service they… Read More ›
End Inflation by Ending Wars
By: Shane Mahadeo, Florida Many people on the right claim that social spending programs drive inflationary pressures. Most of those who make these claims are misinformed on what inflation measures, the history of inflation rates, and the mechanisms employed by… Read More ›
Florida Minimum Wage Law: As Always, Too Little, Too Late
By: Andrew D, John P, Min A The Florida $15 minimum wage initiative, passed in 2020, is in all ways a band-aid solution to the problem of ever-increasing cost of living. While the idea of $15 an hour sounds very… Read More ›
Primer: The Debt Ceiling, Its History, and Its Consequences If Ignored
Andrew E. is an economics student in Massachusetts, and member of the American Party of Labor. The debt ceiling is, in essence, a limit for the U.S. Department of the Treasury’s borrowing agreed upon by the U.S. Congress. Before the… Read More ›
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