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3 March 2009
As the world credit crunch and financial crisis spread to the real economy, government leaders gathered at a G-20 summit, last November, agreed not to raise barriers to trade and investment and not to go down the road of 'beggar thy neighbour' protectionism, writes Niall Mulholland.
24 February 2009
Spreading like wildfire across the planet, this is a truly global crisis. No country will escape its effects. The ludicrous idea that China and the other BRIC countries (Brazil, Russia and India) could...
15 February 2009
Discussion document for Socialist Party congress 2009: The dominant issue facing the Socialist Party, the working class and the labour movement now and for the foreseeable future is the crisis of world capitalism, within which is the special crisis of British capitalism...
28 January 2009
Editorial: So the economy is now officially in recession. No great surprise, as most people feel they have been suffering recession-like conditions for six months already...
21 January 2009
Russia and Eastern Europe in the 1990s: "SHOCK THERAPY sell-offs blamed for one million deaths" was the stunning headline in the Financial Times of 15 January, writes Clare Doyle.
13 January 2009
The Socialist Editorial: Gordon Brown promised that New Labour would end the cycle of 'boom and bust'. He claimed that his government is a "rock of stability". Yet the government is being battered by forces of economic recession which become stronger every week...
7 January 2009
"GOODBYE AND good riddance to all that," declared the Financial Times, the big business mouthpiece, as it said farewell to 2008, writes Peter Taaffe, Socialist Party general secretary.
3 December 2008
CWI International Executive Committee 2008: THE INTERNATIONAL Executive Committee (IEC) of the Committee for a Workers' International (CWI) met in Belgium on 23-29 November. Hannah Sell gives a summary of Peter Taaffe's introduction to the session on the global economic crisis and its political consequences with highlights from the discussion.
25 November 2008
Alistair Darling - learning about capitalism? cartoon by Suz
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.
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