"Central Bankers at Jackson Hole Unveil Growing Crisis in Capitalist Rule"

The recent Jackson Hole meeting of central bankers in Wyoming revealed a deepening crisis of capitalist rule as policymakers expressed perplexity and uncertainty about the dynamics of the global economy. The meeting highlighted major changes in the labor market, energy markets, and geopolitical divisions, while also raising concerns about public debt and the capacity of governments to provide fiscal support. Central bankers were unsure about the effectiveness of interest rate tightening to address inflation, and the rocky obstacles of economic slowdown in China, higher interest rates, commercial property crisis, and political turmoil in the US were not addressed. The article emphasizes the growing global upsurge of the working class and the need for an independent socialist perspective to challenge the profit system.