Articles and Resources on the Economic Crisis

The week of September 22, 2008, saw huge popular opposition to the Bush administration’s bailout of Wall Street banks at taxpayer’s expense. While stabilization of credit markets and banking sector is crucial, the smart choice is to pursue a solution that addresses the fundamental causes of the collapse and helps working families avoid further economic calamity.

The week of September 15, 2008 was a dramatic and unprecedented period in the world of high finance. The economic crisis is not over despite what some pundits and politicians have claimed. A series of government interventions have changed the map of banking and finance.

So what does it all mean? What will be impact of the Wall Street bankruptcies, bailouts and blunders on working people in this country and worldwide? What’s the solution to the crisis?

Perhaps only time will tell the full extent of the impact. Needless to say, this week’s developments don’t bode well for the future. Here are some thoughts from contributors to the People’s Weekly World and Political Affairs and leaders of the Communist Party on the current economic crisis, the policies that got us to this point and the historical precedents.

We will update this resource list in the days and weeks to come, as the full scope of the crisis is better known.

Week of Sept. 22

Editorial: Shock and Awe Revisited
Sept. 25, 2008 – People’s Weekly World

$700,000,000,000 for what?
By John Wojcik
Sept. 25, 2008 – People’s Weekly World

Reject the ‘Bankers’ Strike’: Groups Demand No Bailout Without Conditions
Sept. 25, 2008 –

Rescue Me!: What Else Could We Use the Bailout Money For?’
By Peter Zerner and Joel Wendland
Sept. 25, 2008 –

Barney Smith, Not Smith Barney
By Joelle Fishman
Sept. 24, 2008 – People’s Weekly World

Save Main Street, Not Wall Street
By Communist Party USA
Sept. 23, 2008 –

Ramming Through the Bailout
By Sam Webb
Sept. 23, 2008 –

Wall Street Bailout: Not Without Preconditions
By Joel Wendland

Sept. 23, 2008 –

Week of Sept. 15:


Bailout Main Street
Sept. 19, 2008 – People’s Weekly World

Economic Meltdown
By Joel Wendland
Sept. 19, 2008 –

Wall Street meltdown wallops Main Street
By Phil Cadman
Sept. 19, 2008 – People’s Weekly World

From Archives:

Is Freddie Mac

really never coming back?
By John Wojcik
Sept. 8, 2008 — People’s Weekly World

Got money?

By Marilyn Bechtel
Aug. 15, 2008 — People’s Weekly World


the Knife: Cut the Needy to Feed the Greedy
By Joelle Fishman
July 24, 2008 —


with Doug Henwood, Left Business Observer
May 29, 2008 —


Time for a New Deal
by Norman Markowitz
May 29, 2008 —


Crisis and Class Struggle
By Paulo Nakatani and Rémy Herrera

May 28, 2008 —

Foreclosures point to systemic crisis

By Denise

Winebrenner Edwards
April 4, 2007 — People’s Weekly World

Bailout goes to

Wall Street, not Main Street
By John Wojcik
March 20, 2008 — People’s Weekly World

Things Fall Apart: Wall Street and the Crisis of US Imperialism
By Joe Sims and Joel Wendland
March 2008 –


the Storm: the economic recession
Video interview with Sam Webb
March 10, 2008 — Communist Party USA

Unions tackle

housing, foreclosure crisis
By John Wojcik
March 9, 2008 — People’s Weekly World


with Art Perlo, CP Economics Commission
Feb. 15, 2008 —

To fix economy

put working class first
By Teresa Albano
Jan. 24, 2008 — People’s Weekly World

Banks bilk

homebuyers, Black, Latino families hit hardest
By Tim Wheeler
Jan. 19, 2008 — People’s Weekly World

A look behind

the housing crisis
By Art Perlo
Aug. 30, 2007 — People’s Weekly World

Mortgage crisis

stoked by incredible greed
By Susan Webb
Aug. 16, 2007 — People’s Weekly World


thievery, a new political moment
By Sam Webb
July 20, 2002 — People’s Weekly World

En Español:

La crisis

económica y las viviendas
Por Art Perlo
26 de Julio, 2008 — Nuestro Mundo