We don’t want Trump—but neither do the bosses (Alex Callinicos)

First Brexit and now Trump. There’s a pattern here that we must try to understand. Of course it’s disgusting that a racist, sexist property developer has won the presidency of the United States. But something bigger is happening. Britain and the US were the two advanced capitalist societies that pioneered neoliberalism. This followed the election victories of Margaret Thatcher... Read More

Obama’s re-election: hopes of the poor and profits of the rich

Alex Callinicos analyses why Barack Obama won a second term as US president—and what his victory will mean for the future of US capitalism. Barack Obama’s re-election is undoubtedly the best outcome for American capitalism. This may seem surprising. After all, the higher a voter’s income the more likely he or she was to support the hapless Republican candidate Mitt Romney.... Read More