GameStop, stock market frenzy shows crisis of capitalism

Vol. 85/No. 7 - February 22, 2021

The rapid rise, steep fall and continuing oscillation of the stock price of GameStop, a chain of video-game stores, is motivated by the same greed-driven speculative mania that has gripped the stock market periodically over decades. Initially some smaller-scale capitalist…


Fight for workers control of production, job safety

White House executive orders aim to hold workers in check
Vol. 85/No. 5 - February 8, 2021
Chart shows steep fall in employment in 2020, even with partial recovery. Rate is falling again now. Workers need to be at work, alongside fellow workers, to fight attacks by bosses, gov’t.

President Joe Biden spent his first days in office churning out executive orders, avoiding debate or vote by Congress. He aims to put a stamp of “political correctness” on government agencies and much more. These measures are a danger to…


Workers look for road to fight layoffs, boss attacks

Vol. 85/No. 3 - January 25, 2021
Laid off Marriott Marquis hotel workers in New York protest in Times Square Dec. 23 over cut in severance pay and bosses refusal to commit to bring them back if hotel reopens.

Over 140,000 jobs were obliterated by the crisis of capitalism in December as workers face joblessness and boss attacks on wages and working conditions, exacerbated by growing infections of coronavirus. Bosses at the airlines, Constellium aluminum plant in Alabama, at…


No layoffs! Cut workweek with no cut in weekly pay!

Spreading layoffs, shutdowns deepen crisis facing workers
Vol. 84/No. 51 - December 28, 2020
Nurses strike Dec. 1-2 at Montefiore hospital in New Rochelle, New York. Bosses refuse to hire more nurses, meaning there isn’t enough staff to provide needed health care during pandemic.

A spreading second wave of government-ordered lockdowns on production, retail, restaurants and other stores is worsening the crisis conditions inflicted on working people by the bosses and their governments. Small shopkeepers are being crushed and mass unemployment is deepening competition…


Workers and farmers need to chart our own road forward

Vol. 84/No. 51 - December 28, 2020
Hundreds of vehicles lined up outside Roadrunner Food Bank in Albuquerque Nov. 24 to get food for Thanksgiving.

Workers and our unions need to raise the banner of fighting to shorten the workweek to 30 hours without a single penny cut from take-home pay. This can prevent layoffs and keep millions of fellow workers on the job. Winning…


Organize to fight for jobs, wages and health!

New gov’t lockdowns make workers’ jobs crisis worse
Vol. 84/No. 50 - December 21, 2020
Remington arms workers march Dec. 5 in Ilion, New York, to demand severance pay, vacation pay, after bosses declared bankruptcy. Albany nurses fighting for contract joined in solidarity.

While the government claims unemployment is going down, tens of millions of working people have been out of work for many months and thousands more job cuts have been announced. And bosses are demanding bigger wage and benefit cuts and…


Working people need our own party, a labor party

As economic, health crisis deepens, fight boss attacks
Vol. 84/No. 49 - December 14, 2020
Workers at Owens Corning in Guelph, Ontario, on strike Nov. 20 against concession demands, an example of workers fighting boss attacks on jobs, wages, health and working conditions.

With tens of millions out of work, bosses are still laying workers off, cutting wages and benefits, and speeding up production. The employers hope the intensified competition among workers for jobs will create better conditions to deepen these attacks and…


Fight for gov’t public works program to create jobs now!

Gov’t lockdowns deepen jobs, wages, health crisis
Vol. 84/No. 47 - November 30, 2020
Some 8,500 families, 17 times more than last year, waited up to 12 hours in huge lines to get turkey, canned goods and other food for Thanksgiving at North Texas Food Bank in Dallas.

Nine months into a deadly pandemic, workers, farmers and small proprietors of all kinds face a deep and intertwined crisis of jobs, wages, safety and health. Millions are without jobs. Food banks are overrun, especially heading into Thanksgiving. The few…


Workers need our own party, a labor party!

Bosses drive to make workers pay for crisis of capitalism
Vol. 84/No. 43 - November 2, 2020
UNITE HERE Local 5 and Hawaii Nurses and Healthcare Professionals workers at Kaiser Wailuku in Hawaii rally in mid-October, protest boss plans to close departments, cut workers.

Whichever capitalist political party wins the presidency Nov. 3 — the Democrats with Joseph Biden or Republicans with Donald Trump — tens of millions of workers are going to face the same deep economic, and moral crisis the day after…


Cut workweek with no cut in pay to stop layoffs

Demand gov’t-financed public works program to create jobs
Vol. 84/No. 42 - October 26, 2020
Fairacres Manor nursing home residents in Greeley, Colorado, backed by nursing staff, protest restrictions imposed on physical contact with loved ones Oct. 8. Rulers have shunted elderly into overcrowded, understaffed nursing homes, leaving thousands shut in to die.

Millions of workers in the U.S. have lost their jobs in the midst of a two-sided and intertwined capitalist economic and social crisis unfolding today. One side is the efforts of the bosses and their government to make working people…