A widely anticipated recession across the major economies had not taken hold by the time International Socialism went to press, but there was no doubt that the global economy was coming under intense strain.1 The post-Covid rebound in economic activity… Continue Reading
A review of The Lords of Easy Money: How the Federal Reserve Broke the American Economy, Christopher Leonard (Simon and Schuster), £25 There is nothing better than a crisis when it comes to making money, but only if you are… Continue Reading
Despite stronger than expected showings by Democrats in November’s midterm elections, the Republican Party has won control of the United States House of Representatives with a narrow majority.1 The Democrats did pick up one seat in the Senate but then… Continue Reading
What are the prospects for left politics as 2023 begins?1 To say that the coming year will be one of crisis is simply to state the obvious, a point now accepted across the political spectrum and echoing through end of… Continue Reading
Two issues dominated world politics as International Socialism went to press: the war in Ukraine and the developing economic crisis.1 First, the war. Russia’s initial offensive failed to topple Volodymyr Zelensky’s government in Kiev. Instead, Russian forces have refocused their… Continue Reading