The US-Israeli war on Iran is a turning point, not just in the balance of forces between the powers, but also in the world economy. It is bringing to the fore all the contradictions that have been accumulating over the past period: inflation, debt, and the looming recession.
The post The Economic Consequences of the War in Iran appeared first on Revolutionary Communists of America.
As workers trim their grocery lists and avoid driving to save money, corporate profits reached almost 16% of GDP—a historic high.
The post Higher Prices for Workers—Higher Profits for Billionaires appeared first on Revolutionary Communists of America.
According to the UN’s World Food Programme, “The total number of people around the world facing acute levels of hunger could reach record numbers in 2026 if the escalation in the Middle East continues to destabilize the world’s economy.”
The post Fertilizer Shortage Drives Catastrophic Food Inflation appeared first on Revolutionary Communists of America.
When Al emerged some years ago, commentators said that Al and robots were going to take over the world, that we were all going to be unemployed, and so on. But at the time, this was more conjecture than anything. Without investment, AI as we know it would never have become a reality.
The post AI Investment Prepares New Attacks on the Working Class appeared first on Revolutionary Communists of…
The material conditions of young workers in the US are plummeting, and everyone can see it. Even the most pro-capitalist, right-wing members of the Epstein class are saying it.
The post Job Market Pessimism is Setting New Records appeared first on Revolutionary Communists of America.
The most dramatic result of the US-Israeli war on Iran will be its impact on the world economy. Even if the war were to end tomorrow—which is exceedingly unlikely—the economic fallout will last months, if not years.
The post Prices Are Up … But the Real Inflation Crisis Hasn’t Even Begun appeared first on Revolutionary Communists of America.
BYD’s rise has come as a shock to Western capital. When Elon Musk was asked about competition from BYD in 2011, he laughed. Musk and co. didn’t see it as a serious competitor. He’s not laughing now.
The post Ford vs. BYD: “It’s the most humbling thing I’ve ever seen” appeared first on Revolutionary Communists of America.
“When you see one cockroach, there are probably more…” So said Jaimie Dimon, CEO of JPMorgan Chase, after last year’s sudden, multi-billion dollar collapse of Tricolor and First Brands shined a spotlight on the murky world of private credit. Dimon summed up the panic spreading throughout the whole Epstein class: that these bankruptcies indicate a […]
The post Should Workers Care About the…
Odds are you’ve heard about so-called “prediction markets.” While traditional casinos fleece workers with games of chance, platforms like Polymarket and Kalshi allow users to gamble on anything. Gamblers even wager on war and regime change.
The post Prediction Markets Profit from US Imperialism appeared first on Revolutionary Communists of America.
On the anniversary of Liberation Day, the US economy stands poised on the precipice of disaster.
The post “Liberation Day” Hasn’t Aged Well appeared first on Revolutionary Communists of America.
It is entirely possible to achieve Zohran’s program on the billionaire’s dime. But to do so, he needs to step outside the boundaries of bourgeois politics and rely on the power of his working-class base.
The post Zohran’s Budget: Which Class Pays? appeared first on Revolutionary Communists of America.
As the world’s elite met in the Swiss Alps of Davos for their economic forum charade, the latest Oxfam report on wealth inequality revealed capitalism’s true face.
The post 12 People Own More Wealth Than Half the World appeared first on Revolutionary Communists of America.
In the past, patients traveled from underdeveloped countries into the US—but this has turned into its opposite. The key driver for this shift is the exorbitant price of healthcare in the US.
The post The Rise of “Medical Tourism” appeared first on Revolutionary Communists of America.
In a mad dash to expand the grid, big tech and high finance are pumping billions into nuclear energy, revamping decommissioned nuclear reactor sites and placing bets on unproven small modular reactors (SMRs).
The post AI and the Race for Nuclear Energy appeared first on Revolutionary Communists of America.