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9 December 2015

Venezuela elections

The billionaire-backed conservative capitalist opposition won a large majority in Venezuela's recent general election. This represents a big setback to the 'Bolivarian revolution' legacy of Hugo Chavez.

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25 November 2015

Autumn statement: bonanza for bosses, pain for us

As we go to press, Tory Chancellor George Osbourne is due to deliver his autumn budget statement. The Socialist expects the usual tax cuts and freebies bonanza for big business and the rich. But for working class people, it can only be more misery.

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21 October 2015

World economy: 'biggest danger to capitalism is capitalism'

Redcar steel plant to close after a century of production, raw material prices collapsing, China's economy slowing, the ongoing euro crisis...

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30 September 2015

EU ministers squabble while refugees drown

As the horrors facing millions of refugees multiply, the splits between the EU leaders demonstrate their inability to solve the crisis

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2 September 2015

China crisis: What will this mean for the world economy?

The contraction of the Chinese stock exchange has sparked justified fears that the world economy could be in for a repetition at a certain stage of a crisis with similar effects to the 2007/2008 catastrophe

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photo Paul Mattsson

11 March 2015

Economy: Reality doesn't match Tory rhetoric

Austerity works - unemployment is falling and wages are rising: that is the pre-election mantra of the Tory Party. Of course, if it were true, millions of workers would be breathing a sigh of relief

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29 October 2014

Capitalism - 'the new mediocre'

"We're the fastest guns in the West - and still losing the living standards battle", was how Stephanie Flanders summed up Britain's economy.

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Some of the headlines indicating the state of Britain

3 September 2014

Pre-election Britain - crisis brewing on all fronts

The 2015 general election is a mere eight months away yet impossible to call. But, as Hannah Sell, Socialist Party deputy general secretary writes, what is clear is that none of the capitalist parties hold any real attraction for working class voters

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6 August 2014

Regulating the banks? Don't make me laugh!

Deep in the heart of London, the world's largest centre for international finance, bankers are quivering in fear, writes Tessa Warrington.

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20 June 2014

Who's speaking 'crap' Baron Heseltine?

Baron Michael Ray Dibdin Heseltine, with his estimated personal fortune of 300 million, believes people who challenge the myth of 'more people working' are talking 'crap'

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20 September 2013

The Causes of Capitalist Crisis; Reply to Andrew Kliman

This document is on the causes of capitalist crisis, replying to the ideas of Andrew Kliman; written by Peter Taaffe and Lynn Walsh and endorsed by the Executive Committee of the Socialist Party

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4 September 2013

When the world economic crisis makes landfall in S Asia

Until recently, the 'emerging' economies of the BRICS - Brazil, Russia, India, China and South Africa - were growing at a steady rate, writes Clare Doyle, Committee for a Workers' International (CWI).

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No to Austerity

No to Austerity

10 August 2013

No to austerity - for a party for the majority, not a tiny elite

The great recession was not caused by a bloated public sector but by the worst crisis of capitalism in 70 years

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8 May 2013

One in five borrow to buy food

Five million families in Britain are struggling to pay for food and are reaching "breaking point" according to a 'Which?' survey...

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1 April 2013

IDS - Try living on 53 a week!

Campaigners in Youth Fight for Jobs (YFJ) have joined a chorus of voices condemning government welfare reforms

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28 March 2013

Economy in crisis

9. British capitalism, and therefore the working class, faces a bleak future. Five years into the crisis, UK gross domestic product (GDP) is still 12-15% below the pre-crisis trend...

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30 January 2013

Austerity's utter failure

Tory Chancellor Gideon Osborne still tells us austerity is working, but the government managed to take economic growth below 0% not once, not twice but now into a 'triple dip', writes Dave Griffiths, West Midlands Socialist Party.

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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'

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Half-million strong TUC demo, central London, 26 March 2011, against the government's cuts, photo Senan

TUC demo in March

7 September 2011

Mass workers' movement - the only way to make the super-rich pay

Editorial of the Socialist, issue 684 It is a sign of the bankrupt nature of modern capitalism and its political representatives that taxation of the rich is so low some of them are asking to pay more. Warren Buffett, in an act of self-flagellation, has demanded to pay more tax.

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Wages fall

Wages fall

8 June 2011

Economic crisis in 'them and us' Britain

Editorial of the Socialist: For a few at the top, Britain is still booming. In 2010, while the majority suffered the biggest squeeze on their incomes since 1977, the earnings of FTSE 100 chief executives rose by 32%...

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