7 May 2012 Friday’s US jobless report, the most dismal so far this year, demonstrates the complete failure of the capitalist system to provide jobs for the unemployed. Nearly five years after the official beginning of the recession, and nearly four years since the collapse of Lehman Brothers triggered a... » read this article

Editorial comment: "On May 1, 1886, Chicago unionists, reformers, socialists, anarchists, and ordinary workers combined to make the city the center of the national movement for an eight-hour day. ... Inspired by the American movement for a shorter workday, socialists and unionists around the world began celebrating May 1, or... » read this article

Editor's Note: My professional work for 25 years as an expert witness on worklife expectancy and lost future earnings often required me to incorporate US government statistics and reports on unemployment rates. As editors of Axis of Logic we have also read many analyses of government statistics on this subject.... » read this article

Statement by Jerry White, Socialist Equality Party candidate for president 3 March 2012 The sharp increase in the price of gasoline during the first two months of 2012 has dealt a blow to the living standards of working people in the United States, already hard hit by four years of... » read this article

20 February 2012 President Barack Obama has taken credit for the record-setting profits of General Motors this week, after the largest US automaker reported it raked in $7.6 billion for 2011, the most ever, fueled largely by its North American operations, which accounted for $7.2 billion of the total. In... » read this article

Editor's Comment: The iconoclast delivers another "uncomfortable" treatise that is guaranteed to shake if not demolish the feel-good assumptions of the Center-Left and Left who wishfully believe that capitalism is in crisis. Providing ample evidence he argues with impeccable logic that the capitalist ruling class used "a crisis of humanity"... » read this article

Thousands of Ontarians will likely sleep fitfully tonight, knowing their fate is in the hands of Don Drummond. Others will sleep like babies, knowing the powerful ex-banker can do them no harm. Drummond's long-awaited report, unveiled February 15 at Queen's Park, lays out a deficit-shrinking program of austerity that is... » read this article

13 January 2012 Job cutting continues in the new year across a wide range of economic sectors in the US. Layoff announcements so far in January appear to follow last month’s trend, in which planned firings rose 31 percent over previous year figures. According to Chicago-based Challenger, Gray & Christmas,... » read this article

Chief executive pay has roared back after two years of stagnation and decline. America's top bosses enjoyed pay hikes of between 27 and 40% last year, according to the largest survey of US CEO pay. The dramatic bounceback comes as the latest government figures show wages for the majority of... » read this article

During the protests in Tahrir Square in November 2011, Mohamed Ali, age 20, responded to a journalist’s query as to why he was there: “We want social justice. Nothing more. That’s the least that we deserve.” The first round of the movements took multiple forms across the world—the so-called Arab... » read this article

"It’s all right to let Wall Street bet each other millions of dollars every day but why make these bets affect the fellow who is plowing a field out in Claremore, Oklahoma?" My all time favorite Cherokee, Will Rogers, wrote that in 1924. Today, most of the fellows plowing fields... » read this article

Occupy brings a new focus: Protesters moving us from the terror era to the income-inequality era. When thousands of Egyptian protesters took over Tahrir Square in events widely celebrated as the Arab Spring, I don't recall anyone being concerned that they were violating local bylaws. Of course, Egypt was a... » read this article

THERE HAS been no shortage of crocodile tears from the U.S. political establishment about the violence against protesters in Syria and Iran. Secretary of State Hillary Clinton and President Barack Obama have taken turns condemning the brutal suppression of movements for social justice in those countries. Of course, they had... » read this article

The Anti-Capitalist coalition (Anticapitalistas) is standing in Sunday’s general election in Spain. It was founded last month by Anticapitalist Left (Izquierda Anticapitalista—IA) and includes In Struggle (En Lucha), Internationalist Struggle (Lucha Internacionalista) and the Madrid Greens (Los Verdes). IA is the Spanish section of the Pabloite United Secretariat. Like its... » read this article

Only a couple of centuries ago, owning another person — slavery, that is — was considered a normal thing to do. But, starting in the late 18th century, slavery was abolished throughout Europe and the Americas (in 1834 in Upper Canada) after the rise of an abolition movement based on... » read this article

... Here is what Occupy Wall Street could mean This is not the stuff of usual protests. Over the past month, a little idea from a Vancouver outfit has mushroomed into a cross-continent movement. Occupy Wall Street has already spread to 70 American cities and is going global as protestors... » read this article

Three years into the severest world economic crisis since the 1930s, stock markets around the world are once again tumbling as the capitalist system plunges into depression. In the wake of the September 2008 financial meltdown, governments injected trillions of dollars of public funds into the banks, robbing the state... » read this article

The Occupy Wall Street protest, now in its third week, has struck a powerful chord throughout the US, with similar occupations developing in Boston, Chicago, Los Angeles and other cities and towns across the country. The demonstrators and their demand for social equality have given expression to the growing hostility... » read this article

The elections to the Berlin House of Representatives (state legislature) on Sunday contain important political lessons for the working class worldwide. The elections were held in the midst of the greatest economic crisis since the 1930s. As was the case at the end of the Weimar Republic eighty years ago,... » read this article

Editorial comment: Don't miss Charlie Chaplin's wonderful speech in the 3rd video. It's remarkable how every word he's saying applies to the situation we are in today, even though he's addressing himself to the world from almost 60 years ago, after the near Nazi/fascist takeover of the world. So here... » read this article