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Credit crunch

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24 February 2016

Them & Us

It's one world for the super-rich, and another one for the rest of us. Bookies make millions from gambling addicts; bankster gamblers still unpunished.

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3 February 2016

Witty take on credit crunch misses problems at heart of capitalism

Film review: 'The Big Short' is a story about the 2008 world economic crash. You won't find the unemployed or the homeless in it. But what you will see is the fraud, corruption and greed of finance capital.

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3 August 2011

Jail the bankers ... and nationalise the banks!

A multinational team of financial regulators, led by the US Department of Justice, is investigating allegations that some of the world's leading banks manipulated currency rates at the time of the credit crunch crisis in 2008...

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25 March 2009

Credit crunch hits home

Comment: Twenty year old Ashley Jenkins has recently joined the Socialist Party. Here he explains his experiences as a tenant in Gloucester...

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8 October 2008

Where is the bailout for us?

Labour bails out the bosses: Waiting for the bus outside Asda, I assess my situation with regards to fuel poverty. Asda is not my nearest supermarket but I think it's the cheapest. Sally Huggins, Waltham Forest Socialist Party, comments.

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8 October 2008

Lessons of the 1990s recession in Japan

ECONOMISTS AND political leaders are looking to the recent economic history of Japan with growing fear. Is the US economy also heading for a 'lost decade'? asks Jared Wood, Oxford Socialist Party.

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8 October 2008

Video: UK bank bailout

Lynn Walsh discusses the 500 billion bank bailout

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7 October 2008

Editorial: Casino capitalism's crisis continues

"Black Mondays used to be a once-a-decade event - now they're coming along more regularly than a London bus" declared one senior London trader as the UK stock market suffered the biggest one day points fall on record...

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30 September 2008

Market meltdown

Defend workers

Defend workers' living standards. Photo International Socialists

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...

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30 September 2008

Video: The credit crunch

Peter Taaffe, general secretary of the Socialist Party interviewed.

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29 September 2008

The great implosion: Capitalist finance system nears meltdown

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...

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23 September 2008

Make the super-rich pay!

British capitalism in crisis: This was the week that the world changed. For over two decades all we have heard from the UK government is that the market must decide. Schools, hospitals and public services have been cut and privatised...

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13 August 2008

CWI Summer School 2008: Capitalism at a crucial turning point in its history

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.

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16 July 2008

Feature: Price inflation - the sickness of capitalism

Bubbles: The cover of Socialism Today, May 2007, anticipated the crash. Cartoon by Suz

Bubbles: The cover of Socialism Today, May 2007, anticipated the crash. Cartoon by Suz

THE PRICES of food and fuel are soaring, as are household gas and electricity bills.
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.

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11 June 2008

Oil price shock - the chaos of capitalism

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.

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4 June 2008

Nationalise Bradford & Bingley

THE CHIEF executive of Bradford and Bingley bank has stepped down amidst reports of massively reduced profits, due to an increasing number of accounts in arrears...

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28 May 2008

Them & Us

CREDIT CRUNCH hitting wages and prices? Not true for City of London fat cats who have been awarded bonuses totalling 13.2 billion so far this year.

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21 May 2008

Them and Us: The great divide

IN SPAIN it was 76%, in Italy, France and Germany it was over 80%. That was the percentage of people who told a Financial Times/Harris poll that the gap between rich and poor is too wide.

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2 February 2001

World Economic Forum: The heights of capitalism

POLITICAL AND business leaders of world capitalism assembled last week for their annual get together - the World Economic Forum - in the mountain-top resort of Davos, Switzerland, writes Dave Carr.

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