Biden’s presidency has been a disaster, a reflection of the crisis-ridden system he represents. His approval rating currently stands at a mere 41%—up ever so slightly from a record low of 38%. Congress, which is controlled by Biden’s party, has a 17% approval rate. Another poll says 74% of the country believe it is on the wrong track. These are not good numbers for the November 2022 midterms elections if the Democrats want to retain control—even as they cynically attempt to harness anger over Roe v. Wade to gain votes. All of this is very concerning from the point of view of the ruling class, which hoped Biden could stabilize the situation after the chaotic years of Donald Trump.

Mikhail Sergeyevich Gorbachev, the final leader of the Soviet Union, died yesterday at the age of 91. His policies of reforming the USSR ‘from above’, under the banner of glasnost and perestroika, represented an abortive attempt to maintain the privileges of the Stalinist bureaucracy, while also breaking through some of the worst logjams in the Soviet economy. The inevitable failure of these measures opened up the door for the restoration of capitalism in Russia, the destruction of the planned economy, and the impoverishment of millions. This disaster is Gorbachev’s legacy.