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Where is the US economy headed?
Trump's populist promises for national economic recovery ‘by us, for us’ is about to crash onto the rocks of reality, writes ZOLTAN ZIGGEDY
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Mountains of research show that hardcore material harms children, yet there are still no simple measures in place
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Trump’s economic adviser has exposed the actual strategy: forcing other countries to provide financial support for US hegemony
Activist Angie Zelter has been arrested more than a hundred times. She’s not stopping now, writes LINDA PENTZ GUNTER
HEADLINES such as “World stocks fall to two-year low” that appeared in the Wall Street Journal recently have many wondering if the tepid recovery from the 2007-8 crash is finished.
Since midsummer, the Shenzhen Composite, FTSE 100, Stoxx Europe 600 and other benchmark exchanges have steadily declined, with the US Standard and Poor’s joining them over the last few weeks.
As author Akane Otani notes, “After a punishing October, major indices in Europe, Japan, Shanghai, Hong Kong, Argentina and Canada are languishing in correction territory — a drop of at least 10 per cent from a recent high. The US is teetering on the edge of joining its peers …”
Like gross domestic product (GDP) and the unemployment rate, composite equity performance is a limited measuring stick of the economy’s health, though it is favoured by popular mainstream pundits and celebrity economists. As such, all three become the grist for the bourgeois political mill. Invariably, they soon obscure more than they enlighten.
So what do the markets tell us?
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The transformation of a stable secular state into a fractured ruin largely ruled by Western-backed fundamentalists exposes the hollow nature of ‘multipolarity’ and the absence of principled anti-imperialism today, writes ZOLTAN ZIGEDY
ZOLTAN ZIGEDY reflects on the lessons from two books looking at the US labour movement and the recent history of spontaneous mass uprisings – and finds two pernicious ideologies working against the interests of the people
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