Last week, a devastating winter storm hammered Texas and wreaked havoc on 90% of the state’s energy infrastructure. The crisis caused a loss of heat, unreliable water utilities, and structural damage to homes. A projected four million people were without power at one point. Nearly 70 deaths have been attributed to this disaster, and magnitudes more are experiencing hardships and desperation.

Yesterday, the Senate acquitted Donald Trump of inciting the Capitol riot on 6 Jan. Although seven Republicans joined the Democrats to vote 'guilty', this was short of the two-thirds majority required to find Trump guilty. Despite a furious speech attacking the ex-president, Senate Minority Leader Mitch McConnell also voted to acquit. As explained in this article (published last month by our US comrades), the GOP is divided from top to bottom between MAGA true believers, opportunists looking to ride Trump's coattails, and career politicians intimidated by his reactionary voter base. The future of a cornerstone of the bourgeois political system hangs in the balance.

Yesterday, Joe Biden was sworn in as US president surrounded by armed troops, in the middle of a pandemic, weeks after a far-right mob stormed the Capitol building. These are unprecedented times. The capitalists are pinning their hopes on the new administration to pull US capitalism out of this period of chaos and decline, but the writing is on the wall.