In France, hundreds of thousands of people have participated since mid-November in the yellow vests movement to protest against the rise in fuel taxes and, in general, against the ever-increasing cost of living. This movement is the inevitable result of a palpable economic crisis, and the brutal austerity imposed by the current government.

In the final installment of Alan Woods' reply to the White House's slanders against socialism, he discusses the terrible financial and human cost of American capitalist imperialism. He points to the clear superiority of a planned economy, and explains that a transition to socialism in America (given its vast productive forces) would be far easier than in backward countries like Russia in 1917, and would be a colossal advance towards the goal of world socialism.