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A global crisis

The reckless escalation of economic, political and military pressure by the United States and Nato against Russia is rapidly leading to a major global economic crisis with serious repercussions for the international working class.

The campaign against Russia, which includes a crippling sanctions regime aimed at starving out the Russian people and which has all but cut off Russia from the world economy, is aimed at the conversion of that country into a colony of western imperialism and the plundering of its natural resources. Putin’s invasion of Ukraine, while it is reactionary and must be opposed, is the product of a years-long campaign of escalating provocations by Nato against Russia, using Ukraine as bait.

Millions around the world look at the unfolding events in eastern Europe with anxiety and fear that they could rapidly escalate into a nuclear war. But the crisis is also triggering immense economic dislocation that is…

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