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1 February 2012

Them & Us

Rapidly rising unemployment combined with wage freezes means that the average 25-64 year old American male earns about a quarter less than his 1969 equivalent.

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7 December 2011

Them & Us

Merry Xmas...: The total UK personal debt at the end of October 2011 stood at an incredible 1,451,000,000,000 - an average household debt of 55,808 according to the financial education charity Credit Action...

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100,000 demonstrate in Brussels in 2010, photo Paul Mattsson

100,000 demonstrate in Brussels in 2010, photo Paul Mattsson

28 November 2011

Eurozone: Into the abyss?

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.

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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...

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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...

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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....

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Photo Paul Mattsson

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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Xekinhma, Greek section of CWI, on massive general strike in Greece on 15 June 2011, photo Stephan Kimmerle

Xekinhma, Greek section of CWI, on massive general strike in Greece on 15 June 2011, photo Stephan Kimmerle

28 September 2011

As debt crisis deepens... Greek workers and youth in revolt

Greece has recently experienced a barrage of strikes by different sections of the working class - involving transport workers, teachers, some council workers, taxi drivers, mental health workers and others - against the Pasok government's latest austerity measures...

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On the National Shop Stewards Network lobby of TUC congress, 11 September 2011, photo Sujeeth

On the National Shop Stewards Network lobby of TUC congress, 11 September 2011, photo Sujeeth

21 September 2011

We won't pay for the bankers' crisis!

Strike back on 30 November: Once again recklessness is bringing the banks into even further disrepute. UBS bank has 'lost' $2.3 billion due to the antics of 'unauthorised' trader Kweku Adoboli, writes Tony Mulhearn, Liverpool Socialist Party.

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21 September 2011

University - pay more, receive less

I was pained to learn that I would be saddled with 20,000 worth of debt when I leave university, when previous generations had been able to study effectively for free, writes Alex Wortley, Bristol.

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14 September 2011

Austerity policies strangle growth

Pawn shops are booming, pound stores are multiplying. But spending on services and retail (apart from food) has slowed to a standstill. Socialism Today editor Lynn Walsh looks at the effects of Con-Dem cuts on the UK economy.

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Young people march for a future: Youth Fight for Jobs and Socialist Students on the 29 January London demonstration against education cuts, photo Senan

Young people march for a future: Youth Fight for Jobs and Socialist Students on the 29 January London demonstration against education cuts, photo Senan

14 September 2011

Pampered politicians plan education massacre... STOP THEM!

"Education is a right not a privilege" chanted students during the mass protests against fees at the end of 2010, writes Claire Laker-Mansfield, Socialist Students national organiser.

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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.

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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

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Youth Fight for Jobs demo April 2009, photo Paul Mattsson

Youth Fight for Jobs demo April 2009, photo Paul Mattsson

17 August 2011

Doors continuously shutting on young people's futures

A video of a young man telling London's Tory mayor Boris Johnson that he shouldn't be surprised at the riots, because "everything has a knock-on effect, Boris!", has taken social networking sites by storm, writes Sarah Wrack.

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Xekinhma, Greek section of CWI, on massive general strike in Greece on 15 June 2011 , photo Xekinhma

Xekinhma, Greek section of CWI

3 August 2011

Eurozone and USA - Debt crisis

The price of capitalist failure: Governments in Europe and the US are making working class people pay for the crisis caused by the bankers and the capitalist system.
The Greek bailout, welcomed by the European ruling classes, will do nothing for the Greek masses

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13 July 2011

Greece's debt crisis: No way out for workers under capitalism

As the sovereign debt crisis in Greece deepens, Andros Payiatos from Xekinima (CWI in Greece), speaks about its effects and the way out for workers and the majority in society

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Xekinhma, Greek section of CWI, on massive general strike in Greece on 15 June 2011, photo Stephan Kimmerle

Xekinhma, Greek section of CWI, photo Stephan Kimmerle

22 June 2011

Greece's debt crisis threatens worldwide banking system

Workers resist Pasok's savage cuts and privatisation programme: Greece's deepening sovereign debt crisis is threatening to destroy the eurozone and trigger a worldwide banking collapse, according to the International Monetary Fund...

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Southern Cross Healthcare's private residential home care in crisis, photo B Severn

Southern Cross Healthcare's private residential home care in crisis, photo B Severn

2 June 2011

Southern Cross - Social care on the brink

Southern Cross Healthcare is on the brink of collapse. This company provides residential care to 31,000 people and has 44,000 employees

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Protesting in Manchester in January, photo Dave Beale

Protesting in Manchester in January, photo Dave Beale

13 April 2011

Con-Dems' economic policy... austerity, austerity, austerity!

'The worst is yet to come'. The Con-Dem chancellor, George Osborne, claims his budget (24 March) is the "most pro-growth budget for a generation", writes Lynn Walsh, Editor of Socialism Today.

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