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u.s. working class
‘Strong dollar’ de-stabilizes world economy

‘Strong dollar’ de-stabilizes world economy

Two major developments occurred in the global economy in early December that have drawn much commentary and analysis in the financial media. First, the Organization of Petroleum Exporting Countries failed to agree on a reduction of oil production quotas. Saudi Arabia,...

The UN Climate Summit—words versus deeds

The UN Climate Summit—words versus deeds

“At a certain stage of development, the material productive forces of society come into conflict with the existing relations of production. ... From forms of development of the productive forces these relations turn into their fetters. Then begins an era of social...

Welcome to ‘average prosperity’

According to the most recent data released by the Federal Reserve, U.S. industrial production as measured by the Fed's manufacturing index (see chart), reached 101.2 in May, finally surpassing the previous peak of 101.0, reached in December 2007. Following that peak,...

Silicon Valley monopolies conspired against high-tech workers

Silicon Valley monopolies conspired against high-tech workers

In early 2005, as the most recent boom phase of the capitalist industrial cycle came into sight, Apple’s Steve Jobs arranged a secret and illegal pact with Google’s Eric Schmidt to hold down their workers' wages by agreeing not to recruit each other’s employees,...

Eight myths about socialism — and their answers

Eight myths about socialism — and their answers

Over the last few years, the word socialism has become more and more common. Usually, it’s used in an extremely negative way and in almost all situations the politician or commentator uttering the word either has no idea what it means or is being intentionally...

A general strike can lead to victory in Wisconsin

The writer is a union organizer. Workers across most of Asia, Africa, Europe and Latin America have experience in using general strikes in order to press for political demands. For example, in 1995, French workers forced the government to retreat at least temporarily...

Why we continue to defend the Soviet Union

The following is a talk given in the Keynote Plenary of the Nov. 13-14, 2010, National Conference on Socialism sponsored by the Party for Socialism and Liberation. The Soviet Union went out of existence 19 years ago next month. Some progressive people argue that given...

Unity is Our Strategic Weapon

Unity is Our Strategic Weapon

Speech given by Raul Castro Ruz, General of the Cuban Army, and President of the Council of State and Ministries, at the Fifth Ordinary Period of Sessions for the Seventh Legislature of the National Assembly of People’s Power, at the Convention Center in Havana,...