Storms gathering: a Marxist analysis of the world economy
Storm clouds are gathering over the world economy. Already, it is faced with slowing growth, rising interest and inflation rates, and astronomical debts. Now Trump’s ‘America First’ policy and his promise of tariffs threaten to make all of that worse.
As America wanes as the undisputed, dominant world power, the epoch of globalisation that it policed is coming to an end. Instead, an era of intense competition between hostile blocs of imperialist powers is opening up. All this cannot fail to have devastating consequences on the world economic situation, which is already headed towards a…
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