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16 May 2012
JP Morgan: banksters at it again
The financial sector is back in the news as it emerged that cowboy investors at JP Morgan's London office have lost $2 billion (£1.2 billion), leading to a run on shares which swept $19 billion off the bank's market value in just two days, writes Ross Saunders.
TUSC protest
2 May 2012
Don't accept the misery of austerity
Britain is in the depths of economic recession. The threat of unemployment, poverty and even homelessness hangs over the lives of millions of people. Unemployment is climbing towards three million...
1 May 2012
This document was first drafted in January 2012 by the Socialist Party executive committee; subsequently some amendments were incorporated during a discussion at the party's congress on 10-12 March 2012...
25 April 2012
Argentina: Nationalisation provokes wrath of imperialism
Shrieks of protest have been unleashed against the partial nationalisation of YPF, the Argentinean subsidiary of the Spanish petrol multinational Repsol, writes Tony Saunois CWI.
18 April 2012
Emissions of greenhouse gases that cause climate change have escalated to critical levels. Pete Dickenson indicts the representatives of the capitalist market system, citing the antagonisms between the major industrial powers.
18 April 2012
Trop cher: Britain's privatised, publicly subsidised, overcrowded rail network is also the most expensive in Europe...
28 March 2012
Wales: Does Plaid Cymru leadership vote show left turn?
The election of Leanne Wood, a radical, republican, anti-capitalist woman, as leader of Welsh nationalist party Plaid Cymru makes a sharp change from the party's more conservative leadership of the past and could attract trade unionists and young people to Plaid, writes Dave Reid.
Jarrow demonstration: we are the 99% Take the wealth off the 1%, photo Paul Mattsson
22 February 2012
In response to the growing opposition to this profit-hungry capitalist system, many of its proponents have argued that not all capitalism is bad. Lynn Walsh exposes the myths proposed by prime minister Cameron as he tries to sell us the idea of 'popular' capitalism.
29 November 2011
Con-Dems' autumn statement: 'pain now, pain tomorrow and more pain for longer'
"The train is heading over the cliff", declared an MP, about the economy. Now George Osborne has taken some desperate measures to try to partially alleviate the nightmare, but the autumn statement is not a 'Plan B'
100,000 demonstrate in Brussels in 2010, photo Paul Mattsson
28 November 2011
The Eurozone is at a tipping point. EU leaders are in disarray and have no clear strategy for resolving the crisis.
Fragmentation of the Eurozone could trigger another deep financial crisis and global economic downturn. Lynn Walsh, Editor, Socialism Today, monthly magazine of the Socialist Party, analyses the crisis.
16 November 2011
Berlusconi quits as debt crisis hits eurozone's third largest economy
The deepening eurozone crisis has claimed another government with the departure of Italy's prime minister Silvio Berlusconi...
9 November 2011
Failed G20 summit takes eurozone nearer to the abyss
The G20 meeting of the world's most powerful government leaders on 3 and 4 November was a 'No Cannes Do' summit. The discussions were hijacked by the Greek crisis...
9 November 2011
Miliband the militant? No way!
Labour Party leader Ed Miliband has come out in favour of the occupation at the London Stock Exchange, writes Paul Gerrard.
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
26 October 2011
Euro crisis - urgent need to build a socialist alternative
The leaders of the European Union (EU) are desperate for a way out of the crisis in the eurozone. Political quarrels between different capitalist politicians have caused a decision on the eurozone's next...
Photo Paul Mattsson
19 October 2011
15 October: day of intercontinental resistance
Break the power of the banks and big business: On 15 October, all around the globe, the "enraged", the "indignad@s", the "occupiers of Wall Street", took to the streets to challenge the power of big business...
12 October 2011
Sovereign debt crisis, recession... No way out under capitalism
Banks continue to demand government bailouts; an ever-deepening sovereign debt crisis in Europe and the USA; mass unemployment and cuts in services on a level not seen since the 1930s; a widening gulf between rich and poor....
5 October 2011
Tory conference farce - Carry on cutting!
A Guardian editorial summed up chancellor George Osborne's conference speech as: "while the basic facts have changed, his basic script has not", writes Sarah Sachs-Eldridge.
5 October 2011
USA: Occupy Wall Street struggle spreads
Corporate greed and banks domination challenged: An anti-capitalist protest movement has sprung up in New York, occupying central plazas, inspired by the North African protests earlier in the year dubbed the 'Arab Spring' and similar actions in Spain, Portugal and Greece...
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".
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