In a mad dash to expand the grid, big tech and high finance are pumping billions into nuclear energy, revamping decommissioned nuclear reactor sites and placing bets on unproven small modular reactors (SMRs).
The Economy
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Could City-Owned Stores Lower the Cost of Groceries?
The scourge of hunger is spreading across America. The problem is especially intense in New York City. Zohran has proposed bringing down food prices by establishing a network of city-owned grocery stores, starting with a pilot program of five stores, one per borough.
What Would It Take to Provide Universal Child Care?
For working-class families in New York, paying for childcare often costs more than the rent on an apartment. No wonder 80% of NYC families said they couldn’t afford it in 2024.
US Economy Propped Up by Volatile Tech Bubble
The ruling class is increasingly gripped with panic over the prospect of an impending stock market crash. The former chief economist at the IMF has warned that the coming “correction” could sink the world economy into a major slump, evaporating as much as $35 trillion in one fell swoop.
Grocery Inflation Gnawing at Workers’ Wallets
As ruling-class bloodsuckers feed on our immiseration, trips to aisle four have become extra painful for workers.
Cockroaches and Zombies: The Debt-Fueled Nightmare Keeping the Capitalists Up At Night
Last year, corporate America amassed record profits of $4 trillion. This year, the stock market hit multiple record highs. However, symptoms of a deep, systemic illness are beginning to bubble to the surface.
Your electricity bills will go up because of AI
Average electricity bills have risen 27% in the last five years. Thanks to the AI data-center boom, they’re likely to rise even faster in the years ahead. The energy demands of these centers could more than double electricity prices by the end of the next decade, according to a report by Dominion Energy.
Trade War Shows U.S. Capitalism’s Decline
Nine months of the US–China trade war has conclusively proved that China has more leverage over the US than the US has over its rival.
With Layoffs Piling Up, Murmurs of an “AI Jobs Bloodbath” Grow Louder
Nearly one million workers have been laid off so far this year. While AI and automation are driving job cuts, they are just one factor among the broader economic downturn and market unpredictability.
The Meaning of the Rise of China
China, which only two decades ago was still mired in backwardness, is now engaged in a titanic rivalry with the US in which it is holding its own. How did the Chinese economy manage to do this? And what does this mean for the crisis of world capitalism?
Shadow Banking: A Ticking Time Bomb under the US Economy
17 years after the 2008 crash, a whole generation has only experienced falling living standards, and it is denied a future by this decaying system, capitalism. The coming period will be a crash test for the stability of capitalist rule on a world scale.
With U.S. Industry Losing the Tech Race, Trump Wants the State to Step In
In an effort to compete with Chinese state capitalism, Trump is intervening in the economy with an even heavier hand than his predecessors.
The Communist: Voice of America’s Communist Generation
The Communist is the official newspaper of the party of the Revolutionary Communists of America. It is different from any other publication you’ll find in the US today. Behind this newspaper, there’s a vast network of communist activity from coast to coast. It is a tool for organizing in the streets, at protests and strikes, for building communist cells in our neighborhoods, workplaces, and campuses.
The RCA is on a mission to carry Bolshevism into the political arena of a country that’s ripe for it. Yes, we’re Bolsheviks living in the digital age, and we also use social media and our podcast to spread the communist program. But we’re not the kind of internet leftists who stay inside and “do politics” online. That’s why we need something we can carry with us into the streets and put into people’s hands. The physical paper is an instrument for building a real-life organization—a genuine Communist Party of fighters.