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
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Does Biden's global minimum corporation tax plan signal the end of neoliberalism?
PRABHAT PATNAIK looks into the US's revival of social democratic economics
Indian farmers burn an effigy of Indian Prime Minister Narendra Modi in protest against the new agricultural laws that will leave them at the mercy of big often foreign corporations
German Chancellor Friedrich Merz is pouring €11.5bn into the Kiev swamp, blocking Trump’s peace plan, and pushing Nato right up to Russia’s borders – no matter if it costs hundreds of thousands of lives, warns SEVIM DAGDELEN
The 2025 Budget shores up the PM’s political position with headline-grabbing welfare U-turns, but with no improvements on offer to declining public services or living standards, writes MICHAEL BURKE
The unifying victory of Irish progressive forces in the presidential campaign should be a salutary lesson to the left in this country, argues MARY GRIFFITHS CLARKE
Martin Taylor, the hedge-fund multimillionaire who has poured millions into pushing Labour rightwards, helped finance Lucy Powell’s supposedly dissenting campaign — suggesting her victory was not the ‘soft-left’ rebellion some have claimed, says SOLOMON HUGHES
A November 15 protest in Mexico – driven by a right-wing social-media operation – has been miscast as a mass uprising against President Sheinbaum. In reality, the march was small, elite-backed and part of a wider attempt to sow unrest, argues DAVID RABY
FOLLOWING its $1.9 trillion Covid relief package, the Biden administration has further announced an infrastructure package of $2.3 trillion.
But in contrast to the former which is to be spent within months, the latter is to be spent over an eight-year period. And this package in turn is to be followed by a “human infrastructure” package. All this adds up to a massive stimulus for the economy as well as a massive redistributive programme, especially since the infrastructure package is proposed to be substantially financed through an increase in corporate tax rates.
Donald Trump had reduced corporate tax rates in the US from 35 per cent to 21 per cent, and Biden wants to raise the tax rate to 28 per cent, not immediately of course but over a period of time.
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Western nations’ increasingly aggressive stance is not prompted by any increase in security threats against these countries — rather, it is caused by a desire to bring about regime changes against governments that pose a threat to the hegemony of imperialism, writes PRABHAT PATNAIK
Under Modi’s hard-right regime, India is going backwards — but not in the state of Kerala, where the communist-led government continues to deliver remarkable results in infrastructure, economic growth, healthcare, welfare, education, science and social harmony, reports PEOPLE’S DEMOCRACY
Despite the US withdrawal from Ukraine and economic self-harm from sanctions, European centrists maintain their bellicosity to justify military spending and distract from neoliberalism's failures, writes PRABHAT PATNAIK
In his first of a new monthly economics column MICHAEL BURKE argues that public-sector investment is more effective, more productive than private-sector investment