FRAN HEATHCOTE believes that while the the Chancellor outlined some positive steps, the government does not appreciate the scale of the cost-of-living crisis affecting working-class people, whose lives are blighted by endemic low pay
WINSTON CHURCHILL was no friend of the working class, but we should follow his advice of never letting a good crisis go to waste, and not repeat the mistakes of 2008, when we did exactly that.
Back then, the subprime mortgage scandal threatened to bring down the entire capitalist infrastructure, prompting the US Federal Reserve to invest an estimated $16 trillion in bailouts to banks and corporations around the world.
Rampant speculation on obscure and risky financial instruments unleashed by globalised financial capital seeking investment opportunities, unrestrained by national constraints, had brought the international banking system close to collapse.
In 2024, 19 households grew richer by $1 trillion while 66 million households shared 3 per cent of wealth in the US, validating Marx’s prediction that capitalism ‘establishes an accumulation of misery corresponding with accumulation of capital,’ writes ZOLTAN ZIGEDY



