Stock markets are falling around the planet as prices for raw materials – oil, metals etc. continue to fall. Is this a sign of an approaching international economic slump?
Here we publish the latest assessment from renowned marxist economist, Michael Roberts, which looks at what these falling commodity prices indicate for the world economy.
Oil Slides Again
Oil Crude oil prices have hit a seven-year low after last week’s decision in Vienna of OPEC, the oil cartel, not to put any limit on oil production next year.