Capitalism and inequality
All the fundamental problems of the 21st century—inequality, war, global warming, economic crisis, dictatorship and the return of fascism—flow from the subordination of the global economy to the private enrichment of the ruling elites.
In January 2020, the richest 2,153 people on the planet had more wealth than the bottom 4.6 billion people. The COVID-19 pandemic has accelerated trends of economic crisis, financial parasitism, inequality, and inter-imperialist rivalry that threaten humanity’s future.
Capitalism has become a barrier to the further development of humanity. As Karl Marx explained 150 years ago, with the growth of poverty and inequality, so too “grows the revolt of the working class, a class always increasing in numbers, and disciplined, united, organized by the very mechanism of the process of capitalist production itself.”
The WSWS seeks to unify the international working class to take power. The major international corporations and banks must be taken out of the hands of the ruling class and placed under democratic ownership to serve the interests of the broad mass of the global population.