US economy

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.

Ignore the hype, Trump won by default

9th November 2016 Socialist Action 0

By Jude Woodward

The victory of Donald Trump has handed the most powerful office on earth into the hands of someone whose promises include a giant wall along the Mexican border, the expulsion of 11 million ‘illegal immigrants’ – roughly 6 per cent of the US workforce – ‘extreme vetting’ for any Muslim seeking to enter the country, the repeal of Obamacare, keeping existing gun laws and punishing women who seek an abortion. He denies the existence of climate change, proposes to engage in a new era of protectionist trade policies, professes to ‘love war’, and is prone to casual racism, misogyny and bigotry towards Jews, LGBT people, Latinos and any other minority group.

photo: 3arabawy

Egypt demonstrates how US ‘economic stabilisation’ produces world political destabilisation

29th January 2011 Socialist Action 0

By Andrew Brown

The uprising of the people of Egypt, following the revolution in Tunisia, is one of those truly inspiring political events. For several decades US administrations believed they could trample on the Arab peoples with impunity. Buttressed by its client state in Israel, US imperialism believed that while peoples in other parts of the world might revolt, a series of quisling regimes, such as the Saudi and Egyptian dictatorships, together with the increasingly compliant Palestinian Authority in the West Bank, would be sufficient to prevent this happening in the Arab world.