Raising interest rates: a recipe for world recession

The past few months have seen central banks scrambling to raise interest rates to control inflation. Yesterday, the Federal Reserve introduced another 0.75 percentage point hike, and the Bank of England will follow suit today. This spate of rate hikes caused mortgage rates to multiply, government borrowing rates to spiral, and now a recession looms. […]

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South Africa: a ticking time bomb

On Wednesday, thousands of workers of the labour federations SAFTU and Cosatu took to the streets across South Africa to protest against the massive cost of living crisis, which has hit the working class and poor people especially hard.

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The world in 2022: the gathering storm

The following article is based on a speech delivered by marxist.com editor, Alan Woods, at the recent, hugely successful, International Marxist University. The world situation is characterised by war, chaos and crisis at all levels, leading some to draw the most pessimistic conclusions. In reality, an old order is dying and a new one is struggling to be […]

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