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Waltham Forest Socialist Party campaign on bankers' bonuses and bailout, photo Senan

28 October 2009

80th anniversary of the Wall Street Crash: Capitalist failure - then and now

Scant attention has been paid in the media to the 80th anniversary of the October 1929 Wall Street crash. The capitalists can hardly repeat their theme of yesterday - "it can never happen again."
Peter Taaffe, general secretary of the Socialist Party, takes a look at how much of it really has happened again, and spells out the underlying cause.

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29 October 2008

Are we heading for a new Great Depression?

STOCK MARKETS crashing, banks failing... as the world tips into an economic downturn. Not since the 1930s and the Great Depression has capitalism faced such a crisis as that of today. But, asks Philip Stott, are we likely to see a repeat of the world slump that followed the Wall Street Crash of 1929?

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