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12 November 2008
Economy in recession: "Buy one car, get one free", was the desperate offer of a Colchester car sales broker. Nationally, car sales have fallen to a level not seen since 1966. And now falling consumer spending and the credit...
22 October 2008
ITS THREE main banks have collapsed and the currency has effectively ceased trading. And with debts totalling ten times the national income of the country, an Icelandic delegation went cap in hand to Moscow. Per-Ake Westerlund (Rattvisepartiet Socialisterna - CWI in Sweden) reports.
15 October 2008
The proposed takeover of HBOS by Lloyds TSB will result in anything from 20,000 to 40,000 jobs being cut, writes a Cheltenham and Gloucester bank worker.
2 October 2008
Profit system failing: The world economy, already in turmoil from the credit crunch, was swept further into an abyss by the thunderbolt news that the US congress had rejected a 'blank cheque' $700 billion bailout of failing banks, writes Judy Beishon, editor, The Socialist.
29 September 2008
Editorial, Socialism Today, October 2008: Over recent years, we have often been accused of being 'catastrophists'. This is because we predicted that the debt-driven bubble economy, dominated by high-profit, high-risk finance capitalism, would...
2 September 2008
Major struggles are inevitable - trade union action needed to protect our future. Picture: PCS Passport workers on strike in Belfast, photo Peter Hadden
"The economic times we are facing are arguably the worst they've been in 60 years", blurted out chancellor Alistair Darling in an unguarded moment on his summer holiday, writes Dave Reid.
13 August 2008
Tony Saunois, secretary of the Committee for a Workers' International (CWI), opened the CWI international summer school by firmly underlining the changes being brought in by the new economic crisis of capitalism and the importance of workers' struggles which will emerge, writes Alison Hill.
16 July 2008
Dow Jones plunges
16 July 2008
Bubbles: The cover of Socialism Today, May 2007, anticipated the crash. Cartoon by Suz
The main cause is the explosion of world oil, food and other commodity prices.
Yet Brown, Darling and other New Labour ministers are calling for "pay restraint"! But why should workers pay for inflation?
Lynn Walsh looks at the causes and consequences of this sickness of free market capitalism.
8 July 2008
Cost of living - from CNWP leaflet
25 June 2008
Feature: According to the ancient Greeks: "Those whom the gods wish to destroy they first make mad." Peter Taaffe reviews 'The Gods That Failed: How Blind Faith in Markets Has Cost Us Our Future', drawing out the value and limitations of a devastating critique of 'modern' capitalism.
11 June 2008
Years of frenzied speculation on commodity markets: We have been hit by a tsunami of energy price rises. A flood of speculative activity in oil markets has produced a huge bubble that will inevitably collapse in coming months. Lynn Walsh investigates.
4 June 2008
The ideas of the Socialist Party, based on scientific socialism, are identified with Karl Marx and 'Marxism', but Friedrich Engels deserves to be bracketed alongside the great 'philosopher of the millennium'. Peter Taaffe reveiws Engels: A Revolutionary Life, by John Green. (Artery Publications, London 2008)
20 May 2008
Editorial from The Socialist 21 May 2008: A YouGov opinion poll has put New Labour on 23%, their lowest share of support since polling began in the 1930s...
16 April 2008
AS THE US economy moves sharply downwards, the threat of a crash in the British housing market is becoming ever more real, writes Marc Glasscoe, Socialist Party Lincoln.
25 March 2008
Two extracts from a summary of the present world situation and world relations, written by Peter Taaffe for a meeting taking place this month of representatives from European sections of the Committee for a Workers' International...
19 March 2008
Editorial: "The most wrenching since the end of the second world war" is how Alan Greenspan, ex-head of the US Federal Reserve, described the current crisis engulfing the US economy...
19 March 2008
Informed by discussions on likely political developments, worldwide and in Britain, the Socialist Party congress also examined what these mean for us organisationally in the session on 'building the Socialist party', writes Paula Mitchell, London Socialist Party secretary
19 March 2008
Delegates and visitors from Socialist Party branches across England and Wales met in London on 8-10 March, for the Socialist Party's annual congress. Reports on main sessions.
12 March 2008
ONE IN six of the world's population (854 million) do not have enough food to eat. Every year, despite the recent boom in the world economy, another four million are added to this total.
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