Morning Star editor BEN CHACKO says assessing a Labour leader whose mission was to smash the left must involve addressing the delusions that fuelled his rise
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Inflation is a class issue
As ministers and the mass media try to block pay rises using the threat of further inflation, STEWART McGILL looks at why prices are rising and what we should do about it
Rebuilding Labour’s working-class roots and organising power is essential if the party is to recover, says MERCEDES VILLALBA
ANDREW MURRAY looks back at a damaging career marked by dishonesty, incompetence and revolting complicity in war crimes
Britain’s historic vote to leave the EU was a rejection of the political Establishment and the strategic direction pursued by Britain’s ruling class since the second world war, writes ALEX GORDON
Over 1,000 hostile US sanctions remain in place on Venezuela, while Britain continues its colonial theft of gold, writes MATT WILLGRESS
MARY DAVIS says the centrality of the Jewish community and the Communist Party to anti-fascism in the 1930s is too often overlooked on the left
CAPITALIST economics maintains that cost increases, particularly wage rises, have to be passed onto the consumer as if it’s a law of physics.
They never ask why profit margins have to be maintained and real wages suppressed. Prices only have to go up to maintain the profits that go to capital. Inflation is like anything else in capitalism, a function of unequal power relations and the drive to accumulate, “profit-pull”, not “cost-push”.
The Economic Policy Institute in the United States showed that since mid-2020, 54 per cent of price rises were attributable to fatter profit margins, only 8 per cent to increased labour costs.
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