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5 February 2009

Lessons of the Jarrow Crusade: no return to the 1930s!

Economic recession with growing unemployment, poverty and deprivation - these are some of the spectres facing working-class and young people across Britain and the world. These problems were also faced by workers and youth in the 1930s.
Greg Maughan looks at the great Jarrow Crusade of the unemployed and draws out some of the lessons for fighting job cuts today.

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28 January 2009

Era of illusions in capitalism ending

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...

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13 January 2009

British economy heads deeper into crisis

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...

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25 November 2008

Alistair Darling's pre Budget Report: Pain now, pay later

Alistair Darling reads the beginners guide to the economy, cartoon by Suz

Alistair Darling - learning about capitalism? cartoon by Suz

The government's Pre Budget Report (PBR), presented by Alistair Darling, the Chancellor of the Exchequer, marks a new stage in the developing economic crisis by proposing to inject 20 billion of public money into the economy partly through tax cuts to try and minimise the effects of the recession...

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19 November 2008

World food crisis: A systemic failure of capitalism

The world could be facing a repeat of this year's food crisis, as the impact of recession unfolds. This month, despite what has been described as "harvest bumper crops", the UN Food and Agriculture...

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19 November 2008

G20 conference: Summit for nothing

LAST WEEKEND, the world's political leaders gathered at the G20 summit in Washington - hosted by the soon to depart US president George Bush - in a bid to rescue the world economy from financial instability and deepening recession, writes Dave Carr.

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12 November 2008

Defend workers' jobs and pay

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...

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5 November 2008

What recession?

FORMER PRIME Minister Tony Blair has 'earned' 12 million since he left office eighteen months ago, writes Roger Shrives.

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4 November 2008

George Bush's toxic legacy

Bush - the angel of death, cartoon by Alan Hardman

Bush - the angel of death, cartoon by Alan Hardman

Editorial: As George Bush's last term as US president draws to a close he leaves behind a nightmare legacy that includes an economy in recession, a huge public deficit, a wider gap between rich and poor and the quagmire of the wars in Iraq and Afghanistan...

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29 October 2008

Recession getting deeper - 'real world' suffering

THE FINANCIAL crisis is getting worse. Across the planet, the stock market casinos have been plummeting. Japan's Nikkei index at one stage hit a 26-year low...

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21 October 2008

Keynesianism now trumpeted

Oliver Twist banks - Please sir, can I have some more?, photo www.squashdonkey.co.uk

Oliver Twist banks - Please sir, can I have some more?, photo www.squashdonkey.co.uk

"EVERY DAY this week there will be a picture of misery for the UK economy" said Citigroup economist Michael Saunders at the start of last week...

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15 October 2008

Recession in Britain: Anger and bitterness towards the financiers

Alistair Darling reads the beginners guide to the economy, cartoon by Suz

Alistair Darling reads the beginners guide to the economy, cartoon by Suz

Feature The UK economy is now in recession and the government has stepped in with a colossal 400 billion of taxpayers' money to try to prevent an even worse economic situation. Socialist Party general secretary Peter Taaffe comments on the unprecedented events of the last few weeks and the prospects to come for workers in Britain.

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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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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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17 September 2008

It's time to fight back!

Unison Local Government strike 16-17 July in London, photo by Paul Mattsson

Unison Local Government strike 16-17 July in London, photo by Paul Mattsson

Recession, Banking Crisis, Inflation, Pay Freeze, Wars... Shockwaves spread globally as two of the biggest multinational banks collapsed - Lehman Brothers and Merrill Lynch - and a third could follow, writes Dave Nellist, Socialist Party councillor, Coventry.

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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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8 July 2008

UK economy sliding into recession

Cost of living - from CNWP leaflet

Cost of living - from CNWP leaflet

THERE HAS been a raft of economic data in recent weeks showing the continuing decline in the UK and world economy but Alistair Darling says there is nothing to worry about, writes Jane James.

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16 April 2008

Rising class struggles across Europe

French workers demonstrate in 2003, photo Paul Mattsson

French workers demonstrate in 2003, photo Paul Mattsson

Striking workers in Greece and Portugal show the wayRepresentatives from European sections of the Committee for a Workers' International recently discussed events in Europe, particularly Greece, Germany and France.

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25 March 2008

World events and their repercussions

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...

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19 March 2008

Darling's 'more of the same' budget

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...

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