Turmoil on world markets caused by US

15th August 2018 shoreditchadmin2 0

There is a generalised crisis of the so-called ‘Emerging Markets’ of the semi-colonial world, and the Turkish lira is only one of a number of sharply devalued currencies this year. Financial market commentators and speculators are all inclined to blame Turkish President Erdogan for the crisis affecting Turkey. In reality the main source of the wider crisis is the US President Trump.

American Companies Pay for Trump’s Trade War with China

17th July 2018 Socialist Action 0

In a further escalation of the ongoing trade war between the U.S. and China, the Trump administration is preparing to announce 10% tariffs on an additional $200 billion worth of Chinese exports to the US, including a variety of consumer goods. The full list of goods on which the tariffs will be imposed is likely to be released later this week or early next week.

The upsurge of racism in the West

6th July 2018 Socialist Action 0

The current wave of attacks on migrants by governments in the US and Europe underlines the new centrality of racism in current Western politics and the developing links between Donald Trump and Europe’s far-right.