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Monthly Review Blog

The Fed’s austerity program to reduce wages

The Fed’s austerity program to reduce wages

To Wall Street and its backers, the solution to any price inflation is to reduce wages and public social spending. The orthodox way to do this is to push the economy into recession in order to reduce hiring. Rising unemployment will oblige labor to compete for jobs...

A tale of two summits

A tale of two summits

Last week (June 8-10) there were two summits in Los Angeles, California: the Summit of the Americas hosted by the U.S. State Department and the Peoples Summit hosted by U.S. and international activist organizations. The two summits were held in the same city at the...

A tale of two summits

A tale of two summits

Last week (June 8-10) there were two summits in Los Angeles, California: the Summit of the Americas hosted by the U.S. State Department and the Peoples Summit hosted by U.S. and international activist organizations. The two summits were held in the same city at the...

‘Stuck Nation’

‘Stuck Nation’

Robert Hennelly’s 'Stuck Nation' is a vigorous and well-researched analysis of the exploitative and racist nature of US capitalism, but falls short of a convincing way to be rid of it, argues John Clarke