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19 February 2008

Northern Rock - Labour's reluctant nationalisation

The Socialist Editorial The nationalisation of Northern Rock was met with howls of outrage from some of its shareholders, who screamed about 'theft' and 'immorality'. This was a major blow against the concept of an unfettered market-driven economy...

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13 February 2008

100 people pack London world economy meeting

IN RESPONSE to the current global shocks to the world economy, more than 100 people packed the all-London Socialist Party public meeting on 7 February... By Manny Thain

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30 January 2008

Debt and housing slowdown threaten Britain's time bomb economy

Debt and housing time bomb, photo The Socialist

Debt and housing time bomb, photo The Socialist

THE EXTREME volatility in the world's stock markets has not yet led to London city slickers jumping off skyscrapers. But growing fears about the underlying health of the economy prompted one commentator to scream about a global 'pandemic'...

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29 January 2008

New Labour attacking our vital benefits

Flooded with Debt, cartoon by Suz, www.squashdonkey.co.uk

Flooded with Debt, cartoon by Suz, www.squashdonkey.co.uk

Gordon Brown's government is weaker than ever before. The smog of sleaze that pervaded Blair's government has now settled over Brown's with the resignation...

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29 January 2008

End this market madness

THE RECENT white-knuckle ride on world stock markets threatens a world recession. And it will be working-class people who will pay the price, writes Manny Thain

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23 January 2008

Shock of recession draws near

Editorial: AS SHARE values tumbled in the most dramatic falls since 9/11, the talk was not so much of whether there will be a recession, but of how deep and long it will be....

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13 December 2007

Interest rate cut will bring no reprieve

Editorial: FOLLOWING THE interest rate cut there are continued fears that the current downturn in the economy could lead to a recession. 2008 could be the toughest year for the British economy for a long time.

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13 December 2007

Beijing Olympics under a cloud

China: On a recent trip to India, said to have cost around 750,000 of public money, the mayor of London, Ken Livingstone offered the Bollywood film industry a cheap deal for the use of some of the Olympic buildings in East London a... By Clare Doyle

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14 November 2007

World economy: Bosses' crisis, workers pay

Bubbles: Socialism Today, May 2007, anticiapted the c rash. Cartoon by Suz

Bubbles: Socialism Today, May 2007, anticiapted the c rash. Cartoon by Suz

The global economy is in deep trouble. When the subprime mortgage crisis hit financial markets in August, it was dismissed by city pundits as a mere hiccup... By Lynn Walsh

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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...

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22 October 2007

Brown's blues

Gordon Brown's honeymoon is over. His initial commanding lead in opinion polls fuelled speculation of a snap election. Now, the new prime minister trails...

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4 October 2007

Che Guevara - revolutionary fighter

Forty years after his death, flags, banners, portraits and the slogans of Che Guevara are carried on the mass demonstrations in the new revolt that is sweeping Latin America...

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27 September 2007

British banking crisis: Toxic system exposed

THE NEAR collapse of Northern Rock bank, accompanied by the most astonishing scenes of panic for generations outside its branches, has serious political implications for Britain and the government of Gordon Brown...

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20 September 2007

Economy hits a rock

FOR TEN years Gordon Brown has claimed that New Labour have created economic stability, overcoming capitalism's "cycle of boom and bust"...

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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...

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26 July 2007

The China Effect

WEATHER AND wallet permitting, the lure of summer holidays beckons, at least in the northern hemisphere...

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19 July 2007

USA: The case for socialised medicine

THE FOLLOWING articles appear in Justice, the newspaper of Socialist Alternative -the Socialist Party's counterpart in the USA...

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28 June 2007

"Pottsamoney" put on the spot

Private equity: SOCIALIST PARTY deputy general secretary HANNAH SELL was on the Jeremy Vine show on BBC radio last week, debating the infamous 'private equity' schemes with Hank Potts, equity strategist at Barclays Private Clients...

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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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31 May 2007

Defend and expand public housing

Housing crisis deepens: Government minister Margaret Hodge created a furore in the press when she stated that 'indigenous families' should be given priority for social housing above 'new migrants'...

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