Capitalism

Good News: Economy Sucks, You’re Screwed, and It’s All…

Make sure you’re doing your part to help fight inflation: accept those wage cuts and worsening working conditions! Good news everyone: wage increases are slowing, raises are getting smaller, layoffs are beginning to happen, and inflation is all your fault. And you should be grateful about all of this, according to a series of recent

Capitalism

The Fed is about to raise interest rates and…

Policymakers fear a labor shortage is pushing up wages and prices. Wrong. Real wages are down and workers are struggling The January jobs report from the US labor department is heightening fears that a so-called “tight” labor market is fueling inflation, and therefore the Fed must put on the brakes by raising interest rates. This

Capitalism

Oil Is Killing the Planet — And Driving Inflation

Today’s inflation isn’t just caused by a post-pandemic rebound in fuel prices, but a long-term exhaustion of oil production. We need to end our dependency on fossil fuels without it becoming the pretext for another wave of austerity. The price of crude oil has soared to over $90 per barrel from the early-pandemic depths of

Capitalism

Manchin and Sinema Defend the Filibuster Because the Filibuster…

The filibuster is not about democratic checks or minority rights. The filibuster is about giving corporations veto power over the economy — which is why Joe Manchin and Kyrsten Sinema defend it. As Senators Kyrsten Sinema (D-AZ) and Joe Manchin (D-WV) defend the filibuster and block voting rights legislation, corporate media keeps repeating the lie