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World economy
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26 October 2011
The sovereign debt and eurozone crises, the Great Recession, etc, have all focussed attention on the failings of the banking sector and the greedy giant capitalist corporations
Photo Paul Mattsson
28 September 2011
World economy in meltdown - we won't pay for capitalist crisis
In a recent address to the Canadian parliament, David Cameron bluntly said: "Growth in Europe is stalled. Growth in America has stalled. The effects of the Japanese earthquake, high oil and food prices have created a drag on growth. We're not quite staring down the barrel, but the pattern is clear".
31 August 2011
New phase in the great recession
Capitalist strategists are filled with gloom at the prospect of a new economic downturn. Fear of recession in the US, its credit rating downgrade and political dysfunction, not to mention the ongoing eurozone. Lynn Walsh reports.
17 August 2011
World economy: Capitalists unable to stop the turmoil
Capitalists unable to stop the turmoil: As their system continues to slide further into its worst crisis since the 1930s, the frantic efforts of world capitalist leaders to reverse the process are farcical, contradictory and ineffective, writes Clare Doyle
18 May 2011
5) The chorus of capitalist commentators to the effect that capitalism is on a recovery road to promised 'sunny economic uplands' is bogus...
20 October 2010
World economy heading for 'double-dip' recession
THE WORLD economy grew by only 2.8% in 2008 and shrank, for the first time for over 65 years, by 0.6% in 2009, while the economies of the advanced capitalist countries shrank by 3.2% on average, writes Per-Åke Westerlund, Rättvisepartiet Socialisterna (CWI in Sweden).
24 September 2010
To be fully effective, anti-cuts candidates will need to put forward socialist ideas. Socialists do not accept that cuts are necessary. Capitalism has created enormous wealth, science and technique. We...
16 December 2009
Where is the world economy going?
Is the worst post-war economic downturn coming to an end? Are the green shoots of recovery really visible, as many politician would have us believe? Opinion is divided, with some commentators counting...
13 August 2008
CWI Summer School 2008: Capitalism at a crucial turning point in its history
Tony Saunois, secretary of the Committee for a Workers' International (CWI), opened the CWI international summer school by firmly underlining the changes being brought in by the new economic crisis of capitalism and the importance of workers' struggles which will emerge, writes Alison Hill.
11 June 2008
Oil price shock - the chaos of capitalism
Years of frenzied speculation on commodity markets: We have been hit by a tsunami of energy price rises. A flood of speculative activity in oil markets has produced a huge bubble that will inevitably collapse in coming months. Lynn Walsh investigates.
19 March 2008
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Dow Jones falls amid turbulence |
12 March 2008
World's poor hit by rocketing food prices
ONE IN six of the world's population (854 million) do not have enough food to eat. Every year, despite the recent boom in the world economy, another four million are added to this total.
1 March 2008
The 2008 National Congress is taking place against the background of a profound change in the world economy and, flowing from that, the political situation...
30 January 2008
Debt and housing slowdown threaten Britain's time bomb economy
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Debt and housing time bomb, photo The Socialist |
10 January 2008
Feature: Socialism and democracy needed to reshape the world
The present crisis in the world economy has underlined Karl Marx's analysis of capitalism as a system that works blindly, behind the backs of society and without conscious human control...
14 November 2007
World economy: Bosses' crisis, workers pay
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Bubbles: Socialism Today, May 2007, anticiapted the c rash. Cartoon by Suz |
14 November 2007
Editorial: Shattering confidence in world economy
Earlier this year, capitalist leaders were boasting of record growth in the world economy, around 5% a year for over five years...
24 August 2007
World economy fundamentally unsound
Editorial: Over the last week, billions of pounds have been wiped off share values worldwide as stock markets plunged...
28 June 2007
World economy grows but workers lose out
IN 2006 the world economy grew by 5.4%. That annual rate is comparable with growth in the years of the post-war economic upswing of the 1960s. The ability...
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