Fight Back! News

News and Views from the People's Struggle

Capitalism and Economy

By Masao Suzuki

San José, CA – On May 24, Steven Mnuchin, Trump’s Secretary of the Treasury and former Wall Street investment banker for Goldman Sachs, urged Congress to raise the federal debt limit before they go on break July 28. The U.S. Treasury first bumped up against the maximum that the U.S. government can borrow back in March, and has been continuing to borrow by using accounting measures.

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By Austin Jensen

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St. Paul, MN – More than 100 people rallied at Leif Erickson Park, near the Capitol Green Line Light Rail station, May 16, to voice their opposition to proposed public transit budget cuts and fare hikes. The rally was organized by the Transportation Forward Coalition who has been promoting resistance to Republican budget proposals at the Minnesota state legislature.

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By Danya Zituni

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Tampa, FL – On the morning of April 7, President Trump ordered the U.S. military to attack Syria, firing over 50 Tomahawk cruise missiles at Syrian government targets near Homs, Syria’s third largest city. The Russian Defense Ministry stated that only 23 of 59 missiles struck intended targets, with the majority assaulting nearby villages. Syrian media sources are reporting at least nine civilians died in the attack, including four children.

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By Dave Schneider

On Jan. 23, President Donald Trump signed an executive action withdrawing the U.S. from the Trans-Pacific Partnership (TPP) trade deal. Negotiated by then-president Barack Obama, the TPP would have standardized trade between the U.S., Japan, Mexico, and nine other countries in the Pacific Rim, lowering tariffs and regulations between countries to favor corporations. The agreement drew heavy criticism from labor unions and environmental groups, who argued the TPP would hurt workers and hamper efforts to address climate change.

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By Masao Suzuki

While Donald Trump claims to be for the working man, his tax proposal is just another Republican tax cut for the rich and big business. The biggest single tax break would be for corporations, whose tax rate would be cut from 35% to 15%. This and other tax cuts for corporations and other businesses would cut federal tax revenue by about $4.5 trillion dollars over the next ten years, or about $450 billion dollars a year. This would mainly benefit the top 1%, who own about half of corporate and business wealth and other high-income individuals who could change their tax status to be a business.

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By Freedom Road Socialist Organization

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Fight Back News Service is circulating the text of a speech by a leader of Freedom Road Socialist Organization, Fernando Figueroa, which was delivered shortly before the July 18 march on the RNC in Cleveland, OH.

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By Freedom Road Socialist Organization

As things stand, billionaire and bigot Donald Trump will be the Republican standard bearer for the presidency. In many ways he is a symbol of everything that is wrong with this country. He is a tireless promoter of racist anti-immigrant and anti-Muslim attacks. He is a misogynist, who defends the oppression of women. Trump spreads the gospel of ‘greed is good’ while pretending to be a friend of the working person. He is a right-wing populist with only one redeeming feature – that, barring some big change, he is unelectable.

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By staff

Karl Marx

To mark the May 5, 1818 birthday of Karl Marx, Fight Back News Service is circulating a famous work he authored in 1859, the Preface to A Contribution to the Critique of Political Economy. A Contribution to the Critique of Political Economy

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By staff

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Patras, Greece – The first day of the big March Against Unemployment, which will travel 220 km from Patras to Athens concluded with enormous success on April 4.

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By Masao Suzuki

Report shows rising income inequality while maintaining myth of the middle class – Commentary by Masao Suzuki

San José, CA – In December of 2015 the Pew Research Center released a report on the decline in middle-income Americans, who now make up a minority of the population, down from 60% in the 1970s. Their share of income has fallen even more, from more than 60% in the 1970s to only 43% in 2014, as upper-income households share has risen from 30% to 49% over the same period of time. The Pew report also has other important information on wealth, debt, occupation and education, which were generally not reported in the mainstream corporate media.

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