The U.S. knows from its experience in defeating Germany, Japan, and the Asian Tigers that a decisive way to slow a competitors growth rate is to get it to reduce its level of investment. The problem for the U.S. is that it has no means to force China to reduce its level of investment.
The collapse of Silicon Valley Bank and Signature Bank fully confirms the extremely damaging character of the U.S. stimulus policies which were launched to attempt to deal with the economic consequences of the Covid pandemic.
Online meeting to discuss the anti-union laws and their economic consequences.
A joint event by the Campaign for Trade Union Freedom and Socialist Economic Bulletin.
This government talks about growth but will only deliver further stagnation and renewed attacks on the living standards of the majority.
Any plan for sustainable growth and prosperity must include a radical break from current policies. There is no sign that this Labour leadership is prepared to deliver that.
Socialists support the striking rail workers and any others who enter the fray.
At the same, the Business Investment strike must be broken for any realistic possibility of a sustained rise in living standards.
The government and its allies have launched a huge attack on living standards, accompanied by a major propaganda offensive that wages are rising sharply.