The wealth pyramid shows that 62 million people out of a total of 4.4 billion adults in the world, or just 1.2%, had 47.8% of the world’s wealth while 2.8 billion adults (or 53.2%) had just 1.1% – a staggering level of inequality. While the top 1.2% had average wealth after debt of well over $1 million each, the bottom 53% had well below $10,000 each, at least 100 times less.
Here, the ISP translates and republishes a report on the recent landslide election in Guatemala of the reformist candidate Bernardo Arévalo. This article appeared first on the independent Guatemalan news site Divergentes. Correspondencia de Prensa republished it.
Aldean has been known to sport the Confederate flag on t-shirts as recently as 2019. He also established himself as anti-vax and anti-mask during the pandemic. He has given voice to Trump’s stolen election conspiracy theory.
“Even a plurality of voters who have an unfavorable opinion of labor unions (48%) support the strikes.”
The film’s plot was frequently directionless and overly saccharine. I developed a grim respect for Margot Robbie and Ryan Gosling (Barbie and Ken) who work hard to carry off the script. But outside of a few satisfying gags, I found much of the humor over-reliant on a stale self-reflexivity and nostalgia factor for the little plastic doll.
There can be a relative autonomy of base from superstructure. Importantly, the superstructure can in turn reflect back and impact upon the base. There are many factors other than the economy that need to be taken into account when examining a particular conjuncture.
An array of liberal and left-wing pundits is already blaming West in advance for the unpopular Biden’s (potential) loss to the (as yet unnamed) Republican candidate next year. Apparently, the conventional wisdom even among most self-described socialists is that it is our job to ensure Biden’s victory, even though he has done nothing to earn it.
Trump is the odds-on favorite to be the Republican nominee for the 2024 presidential election. For him, winning the presidency is his existential goal. Lose, and any conviction he receives will subject him to financial ruin and prison time.
Wages and adequate staffing are the central issues in the strike. These issues go hand in hand. Wages have to be high enough so that workers will want to stay at Loretto and not move to higher paying hospitals. With the recent state funding, management could certainly pay for the union demands.
On July 29th, our website posted an article by Adam Shills arguing that the contract is an important victory. Here we post a different point of view by Joe Allen, in an article that first appeared in CounterPunch.
Both trade union activists and the business press have been closely following the negotiations between UPS and the International Brotherhood of Teamsters (IBT) for some time. Then, on July 25, the big news came. The IBT had signed a tentative agreement with UPS. The purpose of this article is to explain what is in the new agreement and the attitude that socialists should take.
Economic headlines present a confusing jumble of news. Commentators speak of avoiding a recession, while interest rates and food prices remain high. There are plenty of Help Wanted signs yet many people are not feeling particularly flush. What’s really going on? The purpose of this article is to examine the current US economic situation.
It is no exaggeration to say that the Supreme Court’s legitimacy is teetering toward the edge of a cliff. But the right-wing fanatics currently enjoying a 6-3 supermajority in the Court do not allow such minor considerations (like accountability) to deter them from achieving their main goal: turning back the clock in U.S. society to the 1950s era, when LGBTQ people were forced to stay in the closet; college students were wealthy, Christian, and white; racial segregation still flourished; and, of course, abortion was illegal.
In the year to Q1 2023, in Europe, unit profits increased more than unit labour costs in manufacturing, construction and finance, and grew at the same rate as unit labour cost in “accommodation food and transportation”.
The Republican Party is no longer the most important political vehicle for the ruling class. The Republicans have become so involved in Trump’s intrigues, vendettas, and conspiracy theories that a considerable layer have forgotten their responsibilities to bourgeois democracy and to a stable system of capital accumulation.
