Robinson successfully defended his school from closure, fought for the unification of the teaching unions, mentored future trade union leaders and transformed teaching at the Marx Memorial Library, writes JOHN FOSTER

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.

The prospect of the Democratic Socialists of America member’s victory in the mayoral race has terrified billionaires and outraged the centrist liberal Establishment by showing that listening to voters about class issues works, writes ZOLTAN ZIGEDY

In 2024, 19 households grew richer by $1 trillion while 66 million households shared 3 per cent of wealth in the US, validating Marx’s prediction that capitalism ‘establishes an accumulation of misery corresponding with accumulation of capital,’ writes ZOLTAN ZIGEDY

