Born on this day in 1931, the heroic revolutionary faces a dangerous new wave of White House aggression. We must treat his birthday as a rallying cry to resist the illegal siege of Cuba, writes ROGER McKENZIE
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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
RAMZY BAROUD decries the rats of Gaza, the rodent and human type. Both abound as profiteering from tragedy reaches obscene levels
When gas company bosses gorged on assets, the GMB union fought back with the help of a 20-stone saddleback sow. MAT COWARD tells the story
JOHN REES looks at why the June 20 international anti-war conference is such a vital initiative
ROGER McKENZIE highlights how health workers in DRC are struggling to contain a deadly Ebola outbreak in a region already suffering conflict, aid cuts and a legacy of imperialist degradation
Associate Professor BUI QUANG TUAN explains how modernisation and growth are helping to unlock new foreign investment in the Vietnamese economy
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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