While riding the No 3 bus in Glasgow MATT KERR has ample time to dissect the moribund Scottish Labour decline into near oblivion and watch intriguing bus passenger dynamics
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Inflation is a class issue
As ministers and the mass media try to block pay rises using the threat of further inflation, STEWART McGILL looks at why prices are rising and what we should do about it
The best wildfire service may begin with the community, argues KOMAL RAJ ARYAL
Dignity is important to all humans, argues the Marx Memorial Library and Workers’ School, but it does not come about automatically. In a less than perfect world, dignity can accompany suffering, but the collective dignity of working people is achieved through acting together to change the world.
The US aim to reshape the existing order in the Middle East needs to be resolutely resisted, argues PAYAM SOLHTALAB
Concessions to Washington by the post-Maduro leadership in Caracas are designed to preserve the core of the Bolivarian Revolution not betray it, argue Roger D Harris, Francisco Dominguez and Mara Paez Victor. How the solidarity movement responds is critical
ALMA EGAN suggests four days out that bring the region’s history of protest to life
CAPITALIST economics maintains that cost increases, particularly wage rises, have to be passed onto the consumer as if it’s a law of physics.
They never ask why profit margins have to be maintained and real wages suppressed. Prices only have to go up to maintain the profits that go to capital. Inflation is like anything else in capitalism, a function of unequal power relations and the drive to accumulate, “profit-pull”, not “cost-push”.
The Economic Policy Institute in the United States showed that since mid-2020, 54 per cent of price rises were attributable to fatter profit margins, only 8 per cent to increased labour costs.
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