What will be impact of the Wall Street bankruptcies, bailouts and blunders on working people in this country and worldwide? What's the solution to the crisis?
Perhaps only time will tell the full extent of the impact. Needless to say, this week’s developments don’t bode well for the future. Here are some thoughts from contributors to the People’s Weekly World and Political Affairs on the current economic crisis, the policies that got us to this point and the historical precedents.
We will update this resource list in the days and weeks to come, as the full scope of the crisis is better known.
Latest headlines...
January 2008
Unemployment systems crash as jobless numbers hit 26-year high
by John Wojcik
Jan. 7, 2009 – People's Weekly World
People before Profits: 2009 forecast -- sunshine or hurricane?
by John Case
Jan. 6, 2009 – People's Weekly World
Response: TARP, Full Employment and Other Sticky Details
by John Case
Jan. 5, 2009 – PoliticalAffairs.net
Reid calls for comprehensive economic recovery package
by Staff Writers
Jan. 4, 2009 – People's Weekly World
Book Review: Common Wealth – Economics for a Crowded Planet
by Marc Brodine
Jan. 4 2009 – PoliticalAffairs.net
Depression Economics, Recovery and Socialist Transition
by Political Affairs
Jan. 4, 2009 – PoliticalAffairs.net
Obama Reiterates Economic Stimulus Plan in Weekly Address
by Staff Writers
Jan. 4, 2009 – PoliticalAffairs.net
Bush a Socialist? Don't Make Me Laugh
by Joel Wendland
Jan. 2, 2009 – PoliticalAffairs.net
December 2008
End the Auto Crisis: Public Ownership to Save Jobs and the Environment
by Communist Party USA
Dec. 17, 2008 – PoliticalAffairs.net
Auto Salvation and Restructuring – Only the Workers Can Make it Happen
by John Case
Dec. 17, 2008 – PoliticalAffairs.net
Class struggle clarified
by Jim Lane
Dec. 16, 2008 – People's Weekly World
America's Choice
by Leo Gerard
Dec. 16, 2008 – PoliticalAffairs.net
Challenges and possibilities in the time of economic crisis
by Sam Webb
Dec. 12, 2008 – People's Weekly World
Layoff hits worker at time of celebration
by Tim Wheeler
Dec. 10, 2008 – People's Weekly World
Jobless rates rise, 533,000 more people lose their jobs in November
by Mark Gruenberg
Dec. 5, 2008 – People's Weekly World
Auto Bailout: Union Says, 'We're Not Bankers'
by Joel Wendland
Dec. 5, 2008 – PoliticalAffairs.net
Auto Bailout: 'We're Gonna Own Your Ass'
by PA
Dec. 4, 2008 – Political Affairs.net
As economic crisis worsens, hunger stalks the land
by Tim Wheeler
Dec. 3, 2008 – People's Weekly World
Union Leader Slams Wall Street/GOP Hypocrisy
by PA
Dec. 3, 2008 – PoliticalAffairs.net
People Before Profits: Economic stimulus in China and the U.S.
by Wadi'h Halabi
Dec. 3, 2008 – People's Weekly World
They auto know better: Fueling anti-union fires
by Walter Brasch
Dec. 1, 2008 – People's Weekly World
November 2008
Obama projects massive recovery plan
by Susan Webb
Nov. 26, 2008 – People's Weekly World
Global labor needs a global stimulus
by Scott Marshall
Nov. 25, 2008 – People's Weekly World
Reflections on the (Unplanned) Death of an Ideology
by Peter Zerner and Joel Wendland
Nov. 24, 2008 – PoliticalAffairs.net
The Crash of 2008 and Historical Materialism
by John Case
Nov. 24, 2008 – PoliticalAffairs.net
Let the nation own the Big 3
by Ralph Shaffer and Norma Jeanne Strobel
Nov. 24, 2008 – People's Weekly World
Nationalization (Not Loans) Can Save US Auto
by John Case
Nov. 18, 2008 – PoliticalAffairs.net
World unions: Time for a global economic fix is now
by John Wojcik
Nov. 17, 2008 – People's Weekly World
Opinion: Recovery Package for Working Women
by Ellen Bravo
Nov. 17, 2008 – People's Weekly World
How More Socialism Can Save the Economy
by John Case
Nov. 12, 2008 – PoliticalAffairs.net
Jobs Report Signals Need for New Stimulus Package
by PoliticalAffairs.net
Nov. 7, 2008
240,000 Jobs Lost Last Month
by John Wojcik
Nov. 7, 2008 – People's Weekly World
Economy fix can’t wait until 1.20.09
by John Wojcik
Nov. 6, 2008 – People's Weekly World
Government by Market Gods or for the People?
by Anna Pha
Nov. 5, 2008 – PoliticalAffairs.net
Inject Demand into the Economy not Liquidity
by Prabhat Patnaik
Nov. 3, 2008 – PoliticalAffairs.net
Oct. 2008
Credit Crunch Hits College Students
by Matthew Cardinale
Oct. 24, 2008 – PoliticalAffairs.net
'Jobs for workers come first'
by John Wojcik
Oct. 23, 2008 – People's Weekly World
Time Warp: Hoover, Bush, McCain and Economic Crisis
by Norman Markowitz
Oct. 23, 2008 – PoliticalAffairs.net
Economic crisis clobbers California
by Marilyn Bechtel
Oct. 17, 2008 – People's Weekly World
Marx was right
by PWW/NM Editorial Board
Oct. 17, 2008 – People's Weekly World
Nationalize banks, employ unemployed
by John Case
Oct. 16, 2008 – People's Weekly World
Revising the Social Contract
by Norman Markowitz Oct. 16, 2008 – PoliticalAffairs.net
Presidential Debate Fact Check: McCain's Big Bank Bailout
Oct. 16, 2008 – PoliticalAffairs.net
Some Reflections on the Turbulence of Alan Greenspan
by Thomas Riggins
Oct. 15, 2008 – PoliticalAffairs.net
Labor-led coalition demands recovery plan for Main Street
by John Wojcik
Oct. 9, 2008 – People's Weekly World
Is this Capitalism’s End of Days?
by Norman Markowitz
Oct. 8, 2008 – PoliticalAffairs.net
The crisis of family debt
by Art Perlo Oct. 6, 2008 – People's Weekly World
Obama calls for 'middle class' bailout
by Joel Wendland
Oct. 3, 2008 – People's Weekly World
To bail, or not to bail?
by Teresa Albano and John Wojcik
Oct. 1, 2008 – People's Weekly World
OPINION: Finances and the current crisis: How did we get here and what is the way out? Part 2
by Sam Webb
Oct. 1, 2008 – People's Weekly World
Taking it to Wall Street: Rallies vs. bailout crowd 'the street'
By Libero Della Piana
Oct. 1, 2008 – People's Weekly World
Why the Rush
by Peter Zerner and Joel Wendland
Oct. 1, 2008 – PoliticalAffairs.net
Obama Calls for Comprehensive Response to the Economic Crisis
Oct. 1, 2008 – PoliticalAffairs.net
International Perspectives
Results of G-20 Meeting on the Global Economy
by Fidel Castro
Canada: Invest in Jobs and Improve Employment Insurance
by People's Voice
Vietnam Creates Measures to Tackle Financial Turmoil
by Vietnam News Agency
Another World Depression? Finance Capital and Neo-Deflationism
by Utsa Patnaik, People's Democracy
Australia's Bailout Black Hole
by Anna Pha, The Guardian
Japan: Government Plans to Force People to Pay for Financial Fallout
by Akahata
Israel and the Current Capitalist Crisis
Economy is key issue in Canada's elections
RECESSION
Trade Unions Demand Effective Responses to Worsening Financial and Food Crises
Financial Crisis in Europe: Alternatives Demanded
US Crisis Affects Central America
Bailing Out Capitalism
From The Guardian (Australia), Sept. 24, 2008
Bush's Self-criticism
From Cuban News Agency, Sept. 28, 2008
The End of the Illusion
From People's Democracy (India), Sept. 28, 2008
Time to Break with Casino Capitalism
From Akahata (Japan), Sept. 24, 2008
Sept. 2008
Financial Crisis, Bailouts, and the Real Economy, Speaking with Sam Webb
by PoliticalAffairs.net
Sept. 30, 2008 – PoliticalAffairs.net
How about a trickle-up bailout instead of trickle down
by Scott Marshall
Sept. 29, 2008 – Labor Up Front
Stock market drops 777 points as House votes down Wall Street bailout
by Joe Sims
Sept. 29, 2008 – People's Weekly World
Audio: Interview with Sam Webb, CPUSA
Sept. 28, 2008 – Political Affairs Podcast
OPINION: Finances and the current crisis: How did we get here and what is the way out?, Part 1
by Sam Webb
Sept. 28, 2008 – People's Weekly World
What the Banking Crisis Really Means
by Norman Markowitz
Sept. 2008, PoliticalAffairs.net
Editorial: Shock and Awe Revisited
Sept. 25, 2008 – People's Weekly World
$700,000,000,000 for what?
By John Wojcik Sept. 25, 2008 – People's Weekly World
Reject the 'Bankers' Strike': Groups Demand No Bailout Without Conditions
Sept. 25, 2008 – PoliticalAffairs.net
Rescue Me!: What Else Could We Use the Bailout Money For?'
By Peter Zerner and Joel Wendland
Sept. 25, 2008 – PoliticalAffairs.net
Barney Smith, Not Smith Barney
By Joelle Fishman
Sept. 24, 2008 – People's Weekly World
Save Main Street, Not Wall Street
By Communist Party USA
Sept. 23, 2008 – CPUSA.org
Ramming Through the Bailout
By Sam Webb
Sept. 23, 2008 – CPUSA.org
Wall Street Bailout: Not Without Preconditions
By Joel Wendland
Sept. 23, 2008 – PoliticalAffairs.net
EDITORIAL: Bailout Main Street
Sept. 19, 2008 – People's Weekly World
Economic Meltdown
By Joel Wendland
Sept. 19, 2008 – PoliticalAffairs.net
Wall Street meltdown wallops Main Street
By Phil Cadman
Sept. 19, 2008 – People's Weekly World
From Archives:
Is Freddie Mac really never coming back?
By John Wojcik
Sept. 8, 2008 — People's Weekly World
Got money?
By Marilyn Bechtel
Aug. 15, 2008 — People's Weekly World
Mac the Knife: Cut the Needy to Feed the Greedy
By Joelle Fishman
July 24, 2008 — PoliticalAffairs.net
Interview with Doug Henwood, Left Business Observer
May 29, 2008 — PoliticalAffairs.net
It’s Time for a New Deal
by Norman Markowitz
May 29, 2008 — PoliticalAffairs.net
Financial Crisis and Class Struggle
By Paulo Nakatani and Rémy Herrera
May 28, 2008 — PoliticalAffairs.net
Foreclosures point to systemic crisis
By Denise Winebrenner Edwards
April 4, 2007 — People's Weekly World
Bailout goes to Wall Street, not Main Street
By John Wojcik
March 20, 2008 — People's Weekly World
Things Fall Apart: Wall Street and the Crisis of US Imperialism
By Joe Sims and Joel Wendland
March 2008 – PoliticalAffairs.net
Weathering the Storm: the economic recession
Video interview with Sam Webb
March 10, 2008 — Communist Party USA
Unions tackle housing, foreclosure crisis
By John Wojcik
March 9, 2008 — People's Weekly World
Interview with Art Perlo, CP Economics Commission
Feb. 15, 2008 — PoliticalAffairs.net
To fix economy put working class first
By Teresa Albano
Jan. 24, 2008 — People's Weekly World
Banks bilk homebuyers, Black, Latino families hit hardest
By Tim Wheeler
Jan. 19, 2008 — People's Weekly World
A look behind the housing crisis
By Art Perlo
Aug. 30, 2007 — People's Weekly World
Mortgage crisis stoked by incredible greed
By Susan Webb
Aug. 16, 2007 — People's Weekly World
Corporate thievery, a new political moment
By Sam Webb
July 20, 2002 — People's Weekly World
En Español:
Salvemos al pueblo, no a Wall Street
por Partido Comunista de Estados Unidos de América (PCEUA).
Oct. 2, 2008 – Nuestro Mundo
¿Rescate económico o no rescatar?
por Teresa Albano y John Wojcik
Oct. 2, 2008, Nuestro Mundo
La crisis económica y las viviendas
Por Art Perlo
26 de Julio, 2008 — Nuestro Mundo
La crisis economica hoy: Entrevista con Douglas Henwood
29 de Mayo, 2008, – PoliticalAffairs.net
