Trump’s consequences for the US economy explained in 3 charts

3rd February 2017 Socialist Action 0

The following article by John Ross, that sets out the fundamental parameters of the US economy, was previously published by Socialist Economic Bulletin.

There has been much discussion on the likely effect of Trump on the US economy. But some of this discussion fails to distinguish clearly between short term and long term effects of Trump. This can lead to wrong interpretations of events and trends as they unfold. The aim of this article is therefore to set out the fundamental parameters of the US economic situation as it confronts Trump.

Labour should unite around membership of the Single Market

30th January 2017 Socialist Action 0

By Pat Tanner

It is clear, and becoming increasingly publicly evident, that in the coming period the living standards of the British population and British workers cannot be maintained without membership of the European Single Market. The inflation that will be created by the plunging pound will significantly cut living standards, while refusal of companies to invest without free access to a European market which is many times bigger than any UK one will lead to heavy job losses. The significantly lower economic growth that will result will put further pressure on social spending.

Benoit Hamon: the bulwark against Valls

28th January 2017 Socialist Action 0

Notes from the front of 28-01-2017

On Sunday (tomorrow) we will know who will be the candidate for President of the Socialist Party (SP) after one month of debate. Following the first round of this selection two contenders remain: the leader of the SP’s left opposition Benoit Hamon who came first with 36 per cent ahead of the last prime minister Manuel Valls (30 per cent). This result was taken as a slap in the face by Valls, but what would you expect after five years of austerity, whipping up racism and imposing the state of emergency – three things he was a strong promoter of.