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21 January 2015

Oil price crashes as world economy slows

World capitalism faces a gloomy future according to recent reports issued by the International Monetary Fund and World Bank

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14 January 2015

Sri Lankan elections: Butcher Rajapaksa defeated

In the presidential election held on 8 January in Sri Lanka the incumbent, Mahinda Rajapaksa, suffered a fatal blow. The opposition candidate, Maithripala Sirisena, won with 51.3% against Rajapaksa's 47.6%.

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Xekinima (CWI Greece) are participating in the elections and other struggles

Xekinima (CWI Greece) are participating in the elections and other struggles

7 January 2015

Greece: towards a Syriza government?

At the end of last year a constitutional crisis arose in austerity-ridden Greece with the failure to elect a president. An early general election to be called for 25 January with Syriza (a left party) leading the polls. The Socialist spoke to Andros Payiatsos from Xekinima (CWI in Greece)

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Austerity is failing, photo Paul Mattsson

3 December 2014

Osborne's solution deficit

£50 billion cuts still to come: Budget statements are about party politics as much as economics. Especially this one: six months before the general election. But this time there have been few 'election sweeteners', because the government’s own strategy of ‘eliminating the deficit’ is failing

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26 November 2014

World economy - heading for the junkyard

David Cameron seems to have woken up to the problems facing the world economy when he said "red warning lights are once again flashing on the dashboard"

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12 November 2014

Them & Us

Cuts without end: Millionaire Chancellor George Osborne boasted to a baying audience at Tory party conference in October that he was slashing an extra £25 billion from public spending and a further £12 billion from welfare payments

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12 November 2014

What recovery? Thousands more jobs axed

Rolls Royce: The Con-Dems much vaunted economic recovery is a mirage judged by the recently announced large scale job cuts affecting manufacturing and the service sector

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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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Jarrow March 2011: Jarrow March for Jobs arrives in London, photo Paul Mattsson

15 October 2014

A socialist world is possible

End poverty, inequality and capitalism: "Britain needs a pay rise" is the demand of the TUC's demonstration on 18 October. The first question to ask is "Which Britain?" The bosses don't need a penny more - they are gorging themselves

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8 October 2014

Ice cream, you scream, we all scream for £10 now!

Shop window posters boldly proclaiming "A Half-Price Mr Whippy Ice Cream - Happy Hour" provided part of the backdrop to a Socialist Party stall in Weymouth

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20 August 2014

Government's economic mirage as election approaches

Ahead of next year's general election, Tory Chancellor George Osborne and Lib Dem Treasury minister Danny Alexander have been regaling the mainstream media with tales of government success in increasing employment, in an expanding economy

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Marching against austerity on 20 October 2012, photo Paul Mattsson

Marching against austerity on 20 October 2012, photo Paul Mattsson

31 July 2014

Economic recovery - so where's our share-out?

The Tories can barely conceal their glee. With a general election just ten months away, Chancellor Osborne has announced that the economy has now expanded for the sixth consecutive quarter

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4 June 2014

Them & Us

Debt collectors: Low income families, whose tax credits were incorrectly calculated by the HMRC, are being hounded for overpayments by HMRC-contracted debt collection agencies

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15 Now demonstration in Seattle, USA, photo 15 Now

14 May 2014

What's socialism got to do with fighting austerity?

Each week members of the Socialist Party sell copies of the Socialist newspaper. Sellers are often questioned about socialist ideas. Here Socialist Party general secretary Peter Taaffe ‘reports’ on one such discussion as it might take place

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TUC demo 26 March 2011 - for a 24 hour General Strike now, photo Senan

7 May 2014

Prepare for almighty battles against austerity

Capitalism is a system in crisis. It is delivering austerity for the majority and unimaginable wealth for a few at the top. Inevitably it is increasingly being questioned, writes Hannah Sell

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26 March 2014

Economy

9. At root the growing radicalisation that is developing is a reflection of capitalism's continuing inability find a way out of the crisis. The hopes of the capitalists worldwide, that their system would

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19 February 2014

Them & Us

Boom and bust: Last year government business secretary Vince Cable boasted of rising output in Britain's car industry as illustrating a recovering UK economy

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5 February 2014

Them & Us

Poor get poorer: We're still paying for the bankers' and capitalist crisis

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Socialist Seattle councillor hands out '$15 now' placards, photo Socialist Alternative

29 January 2014

Davos: World capitalism means increased inequality

Behind the headlines and speeches trumpeting 'economic recovery', inequality is so blatant that even the capitalist leaders cannot ignore it

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22 January 2014

Capitalism is a system in crisis

This is the case for socialism: We say there is an alternative to endless misery. Today, more than ever before in human history, enormous wealth, science and technique exists which could, if properly harnessed, easily provide all of humanity

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