With the death of Pope Francis, the world loses not only a church leader but also a moral compass
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Report card on a failing economic system
Capital’s imperative to reproduce itself has taken it into riskier and riskier places, writes ZOLTAN ZIGEDY
Traders work on the floor at the New York Stock Exchange in New York
LYNNE WALSH previews the Bristol Radical History Conference this weekend
Keir Starmer’s £120 million to Sudan cannot cover the government’s complicity in the RSF genocide or atone for the long shadow of British colonialism and imperialism, writes CLAUDIA WEBBE
Join the traditional march from Clerkenwell Green, which will bring together countless international workers’ organisations in a statement against the far right
Ecuador’s election wasn’t free — and its people will pay the price under President Noboa
Mountains of research show that hardcore material harms children, yet there are still no simple measures in place
We face austerity, privatisation, and toxic influence. But we are growing, and cannot be beaten
ON Friday May 6 the Federal Reserve released data showing that consumer credit (debt) has been accelerating since the fourth quarter of last year, with revolving credit (largely credit card debt) speeding up at an even greater pace since the third quarter of 2021.
Total consumer credit in the US grew by an annualised rate of 7 per cent in the fourth quarter of last year, increased to 9.7 per cent in this year’s first quarter, and expanded to 14 per cent in March.
At the same time, revolving credit — the debt largely incurred through credit cards — grew 8.3 per cent in the third quarter and 12.7 per cent in the fourth quarter of 2021, and then 21.4 per cent in the first quarter of this year, and an astonishing 35.3 per cent in March.
More from this author
The transformation of a stable secular state into a fractured ruin largely ruled by Western-backed fundamentalists exposes the hollow nature of ‘multipolarity’ and the absence of principled anti-imperialism today, writes ZOLTAN ZIGEDY
ZOLTAN ZIGEDY reflects on the lessons from two books looking at the US labour movement and the recent history of spontaneous mass uprisings – and finds two pernicious ideologies working against the interests of the people
ZOLTAN ZIGEDY argues Trump’s victory shows the deep failure of liberal calculations that write off huge swathes of the electorate and mirrors the worldwide rise of right-wing populism amid Establishment collapse
From ‘middle class’ to ‘microaggressions,’ from ‘fascism’ to ‘terrorism,’ ZOLTAN ZIGEDY makes an anguished cry for us to turn away from the most misused and misleading terms and tropes – or at least use them accurately
