Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: http://www.socialistparty.org.uk/issue/235/25111

From The Socialist newspaper, 4 January 2002

2002 - Capitalist crisis set to deepen

Build The Socialist Alternative

THE TRIUMPHALIST launch of the Euro on 1 January cannot disguise the massive problems in the world economy.

By Ken Douglas

The International Monetary Fund have had to downgrade their October 2001 World Economic Outlook report less than a year after forecasting the best outlook for decades:

"We now envisage a deeper and more prolonged global slowdown ... A particularly disturbing feature of the current slowdown is its synchronicity across nearly all regions - the most marked in two decades."

The US has had its largest fall in output since the 1930s. Economic growth in Japan, the world's second largest economy, is predicted to fall for the second consecutive year and unemployment is at an all time high.

In Argentina, now on its fifth president in two weeks, 2,000 people fall below the poverty line every day. New president Eduardo Duhalde blames free market policies for the economic crisis but crises are endemic to capitalism and it is always the workers and the poor who end up paying the highest price.

Opposition to the effects of the world economic crisis is growing. Argentinian workers have taken to the streets in mass protests to kick out failed and corrupt capitalist politicians. In Brussels on 13 and 14 December 80,000 trade unionists and 30,000 anti-capitalists showed their opposition to the bosses' EU.

Italian workers have demonstrated in their hundreds of thousands against the policies of the Berlusconi government. In France even the Gendarmerie have taken to the streets.

But being against capitalism is not enough - workers need a socialist alternative. As one young Argentinian protester put it: "We had a revolution but all we got is more of the same."

If workers in Argentina and elsewhere replace one capitalist government with another then their misery will continue.

We need to build that socialist alternative. We need to lay the basis for mass socialist parties that will enable working class people to get rid of capitalism world-wide and replace it with a system that will provide everyone with the necessities of life and the chance for a decent future.

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.


In The Socialist 4 January 2002:

Build The Socialist Alternative

Argentina: Capitalist Crisis Intensifies

India/Pakistan conflict: Only Socialism Can End the 'Madness Of War'

Brussels demos: Marching Against Capitalism And War

2002: Capitalist Crisis - Workers' Struggles


 

Home   |   The Socialist 4 January 2002   |   Join the Socialist Party

Subscribe   |   Donate  




Related links:

Capitalist:

triangleTrump's incendiary Jerusalem statement reignites Israeli-Palestinian conflict

triangleA world in crisis, ripe for revolution

triangleBrexit deal no solution to Tory rifts

triangleIrish capitalist state: rotten to the core

triangleWhy I joined the Socialist Party: "I started to question whether there was a better way"

The Socialist:

triangleThe Socialist's 2017 quiz

triangleCoventry Socialist sales hit 1,000

triangleThe Socialist Inbox

triangleHighest ever ticket sales for Socialism event

Socialist Alternative:

triangleUSA: Historic vote for Ginger Jentzen campaign in Minneapolis

triangleUS: Historic vote for Ginger Jentzen campaign in Minneapolis

triangleUS: Minneapolis Socialist chimes with voters

Socialist:

triangleBirmingham Central Socialist Party: The rise of Militant - lessons from our history

triangle110 years ago: massacre at Santa Maria school in Chile - commemorate 21 December 1907

Capitalist crisis:

triangleSheffield North Socialist Party: The causes of capitalist crisis

Workers:

triangleSupport the Crossrail Woolwich walkout

Capitalism:

triangleThem & Us

News and socialist analysis

News and socialist analysis

13/12/17

Labour

Labour 'purge' furore really just democracy

13/12/17

Brexit

Brexit deal no solution to Tory rifts

13/12/17

Housing

Two in five 'right to buy' homes now for let

13/12/17

NHS

Save our NHS

13/12/17

Them & Us

Them & Us

13/12/17

Fees

Uni market 'failure', two-year degrees - end cuts, scrap fees!

13/12/17

Retail

Retail sector crunch: nationalise to save jobs

8/12/17

Government

Local government pay: fight for the 5% claim, fully funded

6/12/17

Labour

Corbyn's Labour can defeat Tories with socialist programme

6/12/17

NHS

Branson sues NHS: kick out the profiteers

6/12/17

Immigration

Royal wedding exposes them-and-us visa system

6/12/17

Banks

RBS to sack 1,000: nationalise the banks

6/12/17

Homelessness

Rough sleeping crisis: make homes, not arrests

6/12/17

Poverty

End Tory war on poor

6/12/17

Rail

Nationalise rail now

triangleMore News and socialist analysis articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party

triangle16 Dec Blairite council 'all ears' to rich property developers

triangle16 Dec Arriva bus drivers' action wins pay rise

triangle14 Dec Stop the rotten redevelopment plan, demand residents

triangle13 Dec Six months on - still no justice for Grenfell

triangle13 Dec Movement growing against fracking giant Ineos

triangle13 Dec Totnes MP uses coffin controversy to distract from brutal NHS cuts

triangle13 Dec Trump's incendiary Jerusalem statement reignites Israeli-Palestinian...

More ...

triangle18 Dec Leeds Socialist Party: Religion and Socialism

triangle19 Dec Bristol North Socialist Party: Christmas social

triangle21 Dec Wakefield Socialist Party: Socialists and the National Question

triangle6 Jan Socialist Party national women's meeting

More ...

Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

Archive

Archives:

December 2017

November 2017

October 2017

September 2017

August 2017

July 2017

June 2017

May 2017

April 2017

March 2017

February 2017

January 2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

Legal

SP RSS feed RSS

Platform setting: = No platform choice

V2