by Michael Roberts Every year, I do a post on the inequality of global wealth using the annual data compiled by economists working for the Swiss bank, Credit Suisse. But Credit Suisse is now no more, swept away by scandal and the banking crisis of 2023. The other major Swiss bank, UBS, took over the assets of CS and now produces its own annual Global Wealth report. It’s not so clear and … [Read more...]
No American Should Die For Israel or Qatar
Qatar condemns Iranian attack on US base and says missiles were intercepted Here’s more on that Qatari response.Qatar has condemned Iran’s attack on the Al Udeid air base and said that “Qatar reserves the right to respond directly in a manner equivalent with the nature and scale of this brazen aggression, in line with international law”.In a post on X the Qatari foreign affairs ministry … [Read more...]
From the Rockies to Stockholm: ignoring the global crisis
by Michael Roberts As I write, the government leaders of the Group of Seven (G7) countries – Canada, France, Germany, Italy, Japan, the United Kingdom and the US – are meeting in the remote town of Kananaskis, Alberta, in the foothills of the Canadian Rockies, for intense discussions. This will be the 51st summit meeting of the top seven capitalist economies. The G7 still represents … [Read more...]
Michael Roberts: 150 years since the Critique of the Gotha Programme
In this essay Michael Roberts explains the importance of Marx's critique of the program of the Social Democratic Workers Party of Germany that was adopted at its party Congress in Gotha in 1875. For those workers who are fairly new to Marx and his views on politics and economics and what he meant when he spoke of communism and other terms, Roberts' contribution here is very helpful. RM. The … [Read more...]
The Holocaust in Gaza is Washington’s Baby. The Class War at Home is Too
from Richard Mellor Although it may seem hopeless, I will not, and neither will this blog, stop sharing the horrific images and stories about the genocide that Zionism is committing in Palestine. The Israeli's are committing this horror with full support of the US and most of the western nations and media. The US provides the weapons, the money and the diplomatic cover. Netanyahu, a … [Read more...]
Michael Roberts: LIBERATION DAY
It’s not April Fools day (1 April). But it might as well be as later today US President Donald Trump announces another barrage of tariffs on imports into the US in what Trump calls ‘Liberation Day’ and what America’s voice of big business and finance, the Wall Street journal, has called “the dumbest trade war in history.” In this round, Trump is raising tariffs on imports from … [Read more...]
An Irish Day. Not “St” Patrick’s Day
by Sean O’Torrain March 17th 2013. Reposted by Richard Mellor in 'Facts for Working People' "Capitalism teaches the people the moral conceptions of cannibalism are the strong devouring the weak; its theory of the world of men and women is that of a glorified pig-trough where the biggest swine gets the most swill". James Conolly This Patrick person spearheaded the drive into Ireland of … [Read more...]
Germany: Drained of Power; der Kraft Beraubt
by Michael Roberts (from Richard Mellor) Germany holds a snap election on Sunday and the current coalition government of Social Democrats (SPD), Greens and the Free Democrats (FDP) is heading for a heavy defeat. The main opposition conservative Christian Democrat-Christian Social Union alliance is polling about 30% in voting intentions, while the SPD is down to 16% (from 26% last time) and … [Read more...]
Michael Roberts: ‘Two sessions’ China
By Michael Roberts (From Richard Mellor) The Chinese government is just completing its annual ‘two sessions’ or lianghui, where China’s political elite approve the economic policy agenda for the coming year. The ‘two sessions’ refers to two major political gatherings: the Chinese People’s Political Consultative Conference (CPPCC), a political advisory committee; and the National People’s … [Read more...]
International Women’s Day- Ladies, “civility”
from Richard Mellor's Blog Brothers, sisters, comrades, I have to apologise for not getting something on the blog about International Women's Day. But better late than never as they say. So I went and retrieved a previous posting and if anyone wants to read more on this that Facts For Working People has published simply do a search at the top of the page. Search women or … [Read more...]