Lee Sustar

A Trump rally.

United States: How could this happen? Some initial thoughts

From US SocialistWorker.org election night coverage: 

Why? How? Those questions are dominating the mainstream media as they take stock of Donald Trump's victory in the presidential race.

They are dominating us at SocialistWorker.org, and no doubt our readers, too. It is hard to come to terms with the upside-down results we are seeing. But here are some thoughts.

New panic over the euro

With the Spanish economy sinking and 12 countries in Europe mired in recession, politicians and bankers are once again worried about a financial meltdown on the continent as the result of the crisis in the eurozone. Adding to the concerns among politicians and financial policymakers is the prospect that elections in France and Greece on May 6 could upend the austerity packages agreed to by European leaders in December.

United States: Occupy defies crackdown, continues struggle

A spirited mass meeting in Manhattan’s Zuccotti Park after a police crackdown and a major student strike in Berkeley, California on November 15 showed the determination of the Occupy movement in the face of police repression and lies from politicians and the corporate media. In New York, about 1500 people turned out for a general assembly (GA) less than 24 hours after police in riot gear rousted those camping out in Zuccotti Park, arresting up to 200 while trashing tents, supplies and even books.
Banking graphic.

Saving the euro at workers’ expense

The euro will survive for now — but only because working people in Greece and other European countries face greater suffering. That’s the not-so-hidden agenda behind the new US$227 billion bailout of Greece organised by the most powerful countries of the European Union, mainly France and Germany.

Egyptian protester

Egypt: Uprising takes on hated regime

Ongoing mass demonstrations, strikes and riots have rocked Egypt since January 25. Tens of thousands of people took to the streets in national protests on January 25 to demand an end to the United States-backed dictatorship of Hosni Mubarak.

The summit with no answers

The Group of 20 meeting of leaders of the world’s biggest economic powers was marked for failure even before it began on April 1.

United States: Victory at Republic factory occupation

CHICAGO — With a unanimous vote, workers at the Republic Windows & Doors plant in Chicago ended their six-day factory occupation late on December 10 after Bank of America and other lenders agreed to fund about $2 million in severance and vacation pay as well as health insurance.

United States: The bailout farce

The much-hyped US$700 billion bailout for the banks has become a grab-bag of policies and giveaways to corporations of all sorts as the Bush administration reels under the pressure of collapsing stock prices, frozen credit markets and skyrocketing unemployment.

A guide to the Wall Street meltdown

Many people are understandably frustrated when they try to make sense of the world financial crisis based on what they read in mainstream newspapers.

The Wall Street 'socialists' save the rich again

The Wall Street “socialists” are at it again — with another big-government takeover of privately owned firms, aimed at protecting the rich by extorting money from working people.

Market madness: The US economic crisis

As the full severity of the mortgage crisis emerged over the past year, there were still defenders of the free-market system ready to counter every criticism of sub-prime mortgage peddlers and profit-hungry banks by pinning the blame on the real culprits.

United States: Writers' strike wins gains

Hollywood writers won gains following a 14-week strike against TV and film producers that ended with a new contract giving them a percentage of revenue for programs streamed on the internet — a demand that industry bosses had vowed to resist.