By Luis Meiners, ISL US ‘The old world is dying, and the new world struggles to be born: now is the time of monsters.’ Antonio Gramsci Crisis make long term tendencies surface. The Covid19 pandemic has not been an exception. One…
By Carlos Carcione The historical drop of oil prices, which reached negative figures for transactions that must take place in May, can only be understood in the context of the global capitalist crisis. The COVID19 pandemic acts as backdrop and…
While 2020 is going to be the year of recession for the world economy, after the corona pandemic, the words, “Get ready for the worst crisis in the world that can overcome the 1929 crisis” are heard often. The world…
We have entered a special phase in the historical process of the bourgeois social order. It is as if a well-organized global general strike has paralyzed supply, demand, transport and production chains all over the world. While the imperialist capitalist…
By Luis Meiners – International Socialist League, USA This Monday, March 9, the New York Stock Exchange opened with a sharp drop that triggered a “circuit – breaker” halting operations for 15 minutes. At the end of the day, the…
By Carlos Carcione October said goodbye with the widespread forecast that a new recession in the world economy is approaching the horizon in 2020. Sharp swings in a financial market very sensitive to political news and the governmental reports on…
Default simply means the stopping of payments. It is a word that the capitalist politicians avoid saying and that the “markets” would rather not hear. But the only truth is reality and that is when the so feared spectre appears.…
The announcement of minister Lacunza that they will not be paying over 100.000 millions of the debt irresponsibly taken by the government by its due date is barely a grudging recognition that the country can no longer bear this fraud.…