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Posted on 25 August 2015 at 16:13 GMT

Article on China crisis

More than $5 trillion has been wiped off global stock markets in the two weeks since the Chinese devaluation.

For an article by Vincent Kolo, go to:

China crisis triggers panic on global markets

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The coronavirus crisis has laid bare the class character of society in numerous ways. It is making clear to many that it is the working class that keeps society running, not the CEOs of major corporations.

The results of austerity have been graphically demonstrated as public services strain to cope with the crisis.

The government has now ripped up its 'austerity' mantra and turned to policies that not long ago were denounced as socialist. But after the corona crisis, it will try to make the working class pay for it, by trying to claw back what has been given.

  • The Socialist Party's material is more vital than ever, so we can continue to report from workers who are fighting for better health and safety measures, against layoffs, for adequate staffing levels, etc.
  • When the health crisis subsides, we must be ready for the stormy events ahead and the need to arm workers' movements with a socialist programme - one which puts the health and needs of humanity before the profits of a few.
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Related links:

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triangleWest London Socialist Party: Is China at all socialist?

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triangleG7 Can't solve poverty, Covid and climate change - join the struggle for Socialism

triangleNew book - coming soon: The Struggle for World Socialism

triangleG7 tax deal won't challenge corporate power

triangleCapitalism responsible for stark global Covid vaccine inequality

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