CHRISTOPHE DOMEC speaks to CHRIS SMALLS, who helped set up the Amazon Labor Union, on how weak leadership debilitates union activism and dilutes their purpose
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Central banks as weapons: how the West learned from the eurozone crisis
Targeting of Russia's basic financial infrastructure is already proving effective — but this is a weapon honed in Europe over the last decade of crisis, writes JAMES MEADWAY
After 58 fishermen were lost in the so-called ‘Triple Trawler Tragedy,’ four women led a grassroots revolt that forced the government to overhaul Britain’s deadly deep-sea fishing industry. MAT COWARD tells the story
The president is steering Argentina toward ever-deeper dependence on US capital, while slashing budgets at home – with calamitous results for the environment and the economy. BERT SCHOUWENBURG reports
Ministers say scrapping Ofwat will toughen oversight of scandal-hit water firms. But merging environmental and economic regulation and openly courting private investors suggest the failures of privatisation are set to continue. SOLOMON HUGHES reports
The Starmer-linked group’s hiring of a lobbying firm to peddle a bogus ‘Russian hack’ smear against journalists has erupted into scandal — but outrage has surfaced only because the target was the mainstream press, says SOLOMON HUGHES
John Wojcik pays tribute to a black US activist who spent six decades at the forefront of struggles for voting rights, economic justice and peace – reshaping US politics and inspiring movements worldwide
SCENES from Moscow and other Russian cities over the last 24 hours suggest the initial stages of a bank run, whilst the rouble fell almost 40 per cent in early trading as East Asian markets have opened. This was the intended result of the economic sanctions announced by European powers, Canada and the US, subsequently joined by Japan, over the weekend.
The sanctions are measures of an unusually severe degree, threatening potential economic devastation, but the major mechanism they use have been road-tested over the last decade of economic crisis and disorder.
The economic blow from central bank sanctions on Russia will remain exceptionally severe. Bank of Russia will likely find that capital controls and dramatic interest rate hikes are what it relies on to try and defend the rouble and thus its banking system.
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