Tag: Economic Crisis

Uncategorized

Inflation Bleeds the People, Imperialists Blame Anything but Their Dying System

By the Editorial Board Last week, the Bureau of Labor Statistics released the latest Consumer Price Index (CPI) numbers for January, which show a 7.5% increase in prices across the board when compared to January 2020, the largest increase since February 1982. While the politicians and capitalist economists are generally blaming the pandemic for high prices, the ultimate responsibility lies in the economic crisis, the … Continue reading Inflation Bleeds the People, Imperialists Blame Anything but Their Dying System

tribuneofthepeople
Uncategorized, Workers

Pittsburgh: Unemployed Workers Struggle with Loss of Benefits

Photo credit: Bytemarks By Peter Garland In the wake of the Biden administration’s decision to not extend the expanded federal unemployment benefits last week, workers across the country are struggling to make ends meet. Contrary to the lies of the monopoly media and politicians, unemployed workers are actively seeking to return to work but face numerous barriers, including mass closures of workplaces, lack of affordable … Continue reading Pittsburgh: Unemployed Workers Struggle with Loss of Benefits

tribuneofthepeople
Editorial

Biden Infrastructure Bill Increases Imperialist State Intervention in Economy

By the Editorial Board Biden’s $1.2 trillion infrastructure bill was passed through the US Senate this past week, setting the stage for Democratic Party-controlled Congress to advance the second part of Biden’s massive spending plan, which adds another $3.5 trillion to the government’s spending on transportation, energy, social programs and more. Biden has promoted his plan with pandering appeals to the working class, and while … Continue reading Biden Infrastructure Bill Increases Imperialist State Intervention in Economy

tribuneofthepeople1 Comment
Uncategorized

Amazon Destroys Millions of Unused Products, Demonstrates Contradictions of Capitalist Overproduction

Photo: A pile of products marked for destruction at an Amazon warehouse in Scotland (Source: ITV) By Jakob Stein On Tuesday, a report from an Amazon warehouse in Dunfermline, Scotland revealed that the company regularly destroys over 100,000 unused and returned products every week—a clear demonstration of how the imperialist global economy operates in response to its crises of overproduction. The report from the British … Continue reading Amazon Destroys Millions of Unused Products, Demonstrates Contradictions of Capitalist Overproduction

tribuneofthepeople
Uncategorized

Colombia: Mass Uprising Erupts in Response to Government’s Economic Crisis Measures

Photo credit: El Comunero Prensa By Jakob Stein Combative protests across Colombia have captured the attention of the world as the masses have risen furiously against the attempts of Old State to increase taxes in order to push onto the people the burden of the deepening crisis of bureaucratic capitalism, made worse by the COVID-19 pandemic. The protests began on April 28 in response to … Continue reading Colombia: Mass Uprising Erupts in Response to Government’s Economic Crisis Measures

tribuneofthepeople1 Comment
Uncategorized

Kansas City: Homeless Camps Face Repression, Homeless Union Force Concessions from City

By Nélida Tello Kansas City Homeless Union (KCHU) leadership and city officials came to tentative agreements after a two-month homeless occupation outside of city hall and community mobilizations to defend the encampment. Despite the negotiation between the two parties, homeless camps in other parts of the city continue to face police repression. City officials attempted to evict the city hall camp twice before meeting with … Continue reading Kansas City: Homeless Camps Face Repression, Homeless Union Force Concessions from City

tribuneofthepeople
Uncategorized

Opinion: Botched Distribution of Relief Funds Leaves Renters to Drown in Debt as Evictions Loom

By Sandra Harris Billions of dollars of the “rent relief” authorized by the federal government have gone unused in the last year due to a mismanaged patchwork of state and local agencies tasked with distributing funds. These funds have often not been spent due to burdensome application requirements placed on tenants forced to navigate an overwhelming bureaucracy to ensure payment to their landlords. Last month, … Continue reading Opinion: Botched Distribution of Relief Funds Leaves Renters to Drown in Debt as Evictions Loom

tribuneofthepeople2 Comments
Uncategorized

New York City: 1,400 Teamsters Go on Strike, Police Attack Picket

By Mike Talavera Last Saturday, 1,400 workers with the Teamsters Local 202 in New York City went on strike against Hunts Point Market employers for the first time in 35 years after being offered raises less than a dollar. In the early morning on Tuesday, New York police made several arrests when they attacked workers who had taken to the streets to block incoming trucks … Continue reading New York City: 1,400 Teamsters Go on Strike, Police Attack Picket

tribuneofthepeople
Uncategorized

January 6 in the USA, Symbol of the Crisis of Democracy

The following is an article from Communist International, Marxist-Leninist-Maoist Internet Review, on the reactionary riot at the US Capitol. Minor technical edits have been included to increase readability for an English-speaking audience. Proletarians of all countries, unite! This article is the result of applying our Marxist-Leninist-Maoist position and conception, with Chairman Gonzalo’s universal contributions to the world proletarian revolution, to the events unfolding in the … Continue reading January 6 in the USA, Symbol of the Crisis of Democracy

tribuneofthepeople
Uncategorized

COVID-19 Relief Added to Budget of US Imperialism

Photo credit: Ken Cedeno By Brian Martel On Monday, Congress passed a 5,593 page omnibus spending bill which allocates a total of $2.3 trillion. This year, $900 billion in coronavirus aid has been added on top of the US imperialism’s ever-increasing federal spending. The bill includes $6.2 billion in “foreign military financing,” $3.3 billion of which is allocated for Israel, which is on top of … Continue reading COVID-19 Relief Added to Budget of US Imperialism

tribuneofthepeople