In the short term, global inflation is going to rise. If the conflict lasts longer, then rising inflation will be joined by falling economic growth and the likelihood that even some of the major economies could slip into a slump. Stagflation is certain and slumpflation is possible.
The war will leave behind lasting transformations and dangerous precedents at both regional and global levels—precedents likely to be repeated in the future. Regardless of the outcome, this adventure will accelerate the decline of American imperialism and the disintegration of the existing imperialist order.
This is a war whose potential devastation could eclipse all previous wars and armed conflicts in the region. The kind of destruction witnessed in Iraq, Libya, and Syria now looms over Iran. Meanwhile, only a short distance away, the destruction caused by the Pakistan–Afghanistan conflict continues unabated.
Trump and Rubio’s determination to achieve regime change in Havana is not solely ideological. It is also bound up with US geopolitical interests in a world in which inter-imperial rivalries have deepened.
The war has not only destroyed Ukraine; it has seriously weakened the European economy, as the costs of production have rocketed with the loss of cheap energy imports from Russia.
Since the ceasefire was signed, more than 449 Palestinians have been killed. Israel has breached the terms of the ceasefire at least 969 times.
Protests have grown over the past five days despite severe state repression, with reports of police using live ammunition against demonstrators, raiding people’s homes and kidnapping them off the streets.
In the midst of the trade war between the US and China, quite a few among the international Left feel happy about Beijing “standing up to Trump’s bullying”. While we are temporarily entertained by Trump’s failure, we must not forget that any Xi victory in his counter-offensive always requires the people to pay the price.
Despite the momentous shift heralded by Kast’s election, though, it is unlikely to change one of the principal challenges of Chile’s democracy in the 21st century: voter discontent and disenchantment.
In the global context of authoritarianism becoming the new normal of capitalist democracy, a victorious far right will double down on every channel of exploitation (pushing down wages, pensions and social spending) with a confidence that will not spare state repression, aiming to isolate the more politically advanced sections of the working class.
Governments that truly wish to support the Palestinian cause must begin by recognizing the Palestinian people’s right to self-determination — before recognizing a hypothetical state, and without designating the Ramallah PA, which is rejected by most Palestinians, as the model for the state they call for.
On Saturday, September 13, well over 100,000 “Unite the Kingdom” anti-migrant protesters marched in London—vastly outnumbering (and surrounding) the counter-protest, which drew just 15,000. Here we reprint two articles from Counterfire, based in London, analyzing the urgent need for the left to mobilize and organize against the far-right.
Overall, the “phase classification” data indicates that the entire population of the Gaza Strip and nearly half of Sudan’s population are suffering from food insecurity, requiring urgent action to prevent their condition from worsening.
From the very beginning, nature itself has been among the victims of the capital, alongside oppressed humanity. Driven by the logic of the market and the lust for profit, capitalism has treated nature not as a living entity bound to humanity by countless inseparable ties, but merely as a source of raw material and a dumping ground for industrial waste.
Unimpeded, a daily process continues to exterminate more and more of the 2.1 million Palestinian people who remain in Gaza – bombing and shooting civilians while blocking all but a pittance of the food and medicine needed to sustain life.
