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latest news

Belgium
Massive general strike makes the government wobble

19/12/2014: Towards a second plan of action to get rid of this government and austerity!

  Belgium

 Portugal
Government attempts to forcefully break TAP strike

19/12/2014: Solidarity messages needed with “requisitioned” airline workers

  Portugal, Solidarity

Kazakhstan
Third anniversary of Zhanaozen massacre marked

18/12/2014: Struggle to free political prisoners continues

  Kazakhstan

Latin America
The end of one cycle and the beginning of another

17/12/2014: Document on Latin America, agreed by CWI International Executive Committee

  Latin America

Taiwan
Kuomintang’s landslide election defeat redraws the political map

17/12/2014: Taiwan’s ‘Sunflower Movement’ and democracy protests in Hong Kong fuel massive rejection of ruling party

  Taiwan

 World Perspectives
A turbulent period in history

15/12/2014: Signs of revival of class struggle signposts the future

  CWI

Ireland
Mass water charges protest on 10 December

15/12/2014: Dublin City centre came to a standstill as different marches made their way to the Dáil

  Ireland Republic

Sweden
Political crisis and new elections

15/12/2014: Right-wing alliance relied on racist party to defeat budget

  Sweden

Greece
Government brings forward presidential election

12/12/2014: Kick out the austerity government and Troika! For a Syriza government with bold socialist policies!

  Greece

Sri Lanka
Presidential Election January 8, 2015

11/12/2014: Socialist candidate challenges all other forces

  Sri Lanka

 Video
Paul Murphy speaks at mass Dublin water charges protest

11/12/2014: For a new political movement to bring the "mob" to power

  Ireland Republic, Video

Greece
Violent clashes over prisoner hunger strike

09/12/2014: Cruel and vengeful actions by the State and ruling elite

  Greece

 Video
All out on 10 December against water charges!

09/12/2014: Paul Murphy and Ruth Coppinger speak in Irish parliament

  Ireland Republic, Video

Australia
Major community victory stops Melbourne’s East-West Toll Road

08/12/2014: Socialist Party leads successful campaign against Toll Road and for investment in public transport

  Australia

US
An Uprising Against Police Violence

08/12/2014: From Ferguson to Staten Island

  US

Philippines
‘Economic miracle’ – a neo-liberal nightmare for the masses

30/11/2014: Forced evictions, poverty wages and repression is the reality for millions

  Philippines

 World Perspectives
A turbulent period in history

27/11/2014: Signs of revival of class struggle signposts the future

  CWI

Britain
Right wing, populist UKIP wins second Parliament seat

26/11/2014: Labour’s pro-austerity ‘opposition’ no alternative

  Britain

South Africa
Metalworkers’ union expelled from COSATU

25/11/2014: Rebuild the trade union movement on socialist principles!

  Africa, South Africa

Catalonia
9 November “consultation” on independence

22/11/2014: Another show of strength for independence - fight for a Socialist Catalonia

  Spain

Greece
Workers’ victory at Diamant telesales company

21/11/2014: Xekinima (CWI) member wins key union position in Athens Municipality sector

  Greece

Israel-Palestine
Netanyahu threatens “heavy hand” response to synagogue attacks

19/11/2014: New rounds of repression answered by new wave of rage and protest

  Israel / Palestine

US
Mid-term elections do not mean a turn to the right in society

19/11/2014: Big Gains for Republicans while Voters Support Progressive Ballot Measures

  US

 Video
Socialist TD defends anti-water charges protests

18/11/2014: Ruth Coppinger, Socialist Party TD (MP) appears on ‘Prime Time’

  Ireland Republic, Video

Vital lessons of Hong Kong’s ‘Umbrella Revolution’

18/11/2014: Mass struggle needs genuine internal democracy and fighting working class programme to defeat dictatorship

  Hong Kong

 Video
Water tax revolt continues in Ireland

17/11/2014: Tanaiste (Deputy PM) trapped by protestors; AAA TD (MP) and Socialist Party member, Paul Murphy, assaulted

  Ireland Republic, Video

Indonesia
"New Hope" president faces intense pressures

16/11/2014: Initiative to build mass party of working class and rural poor urgently needed

  Indonesia

Ukraine
Competing ’elections’ deepen divisions

15/11/2014: Working people need socialist alternative to warring oligarchs and outside powers

  Ukraine

Scotland
SNP government announces £500 million cuts

14/11/2014: Majority of ‘Yes’ voters want end to austerity - anti-cuts candidates needed!

  Scotland

Afghanistan
British combat troops pull out

13/11/2014: A legacy of death and destruction

  Afghanistan, Britain, US

World Economy

Karl Marx and Friedrich Engels wrote in the Communist Manifesto (1847): "Modern bourgeois society, with its relations of production, of exchange and of property, a society that has conjured up such gigantic means of production and of exchange, is like the sorcerer who is no longer able to control the powers of the nether world whom he has called up by his spells. [...] And how does the bourgeoisie get over these crises? On the one hand by enforced destruction of a mass of productive forces; on the other, by the conquest of new markets, and by the more thorough exploitation of the old ones. That is to say, by paving the way for more extensive and more destructive crises, and by diminishing the means whereby crises are prevented." As these brutal effects of capitalism is crisis, are unleashed today, the CWI stands in the Marxist tradition of striving to understand the capitalist economy, in order to be able to intervene successfully in the class struggle and to end the chaos of this profit-driven society.

The Causes of Capitalist Crisis

20/09/2013, A reply to Andrew Kliman
Peter Taaffe and Lynn Walsh, Socialist Party (CWI England and Wales)

China: Debt crunch intensifies China’s crisis

27/06/2013, Beijing’s sharp credit squeeze adds panic on global financial markets
Vincent Kolo, chinaworker.info

World economy: "Central banks are flying blind"

19/05/2013, Increasing concerns and contradictions
Per-Åke Westerlund, from Offensiv, newspaper of Rättvisepartiet Socialisterna (CWI Sweden)

World economy: Behind the stock market surge

16/04/2013, In the first week of March share prices surged on the New York Stock Exchange followed by other major exchanges. Does this signify a revival of the global capitalist economy?
Lynn Walsh, editor of Socialism Today, magazine of the Socialist Party (CWI England & Wales), where this article was first published

World economy: Optimism at Davos based on reality?

13/02/2013, IMF and World Bank reduce growth predictions
Editorial in this week’s Offensiv, paper of Rättvisepartiet Socialisterna (CWI Sweden)

Europe’s car industry: Another crisis in the making

27/09/2012, For a European-wide and international strategy of the trade unions to defend factories, jobs and working conditions
Stephan Kimmerle, CWI

Euro crisis: The latest temporary fix

19/09/2012, The problems of the eurozone, rooted in the clash of national interests and the rivalries of capitalist leaders, remain as intractable as ever.
Lynn Walsh, editor of Socialism Today (magazine of the Socialist Party (CWI England & Wales)

Food: Scoffing on profits

27/08/2012, Billions around the world suffer from either malnourishment or obesity.
Iain Dalton, Socialist Party (CWI England & Wales)

World economy: A way out of depression?

26/08/2012, Global capitalism is mired in depression. A Keynesian tract for our times by Paul Krugman proposes a way out
Lynn Walsh, editor of Socialism Today, magazine of the Socialist Party (CWI England & Wales)

UN: Arms Trade Treaty negotiations expose hypocrisy of industry

10/08/2012, After a month of negotiations on an Arms Trade Treaty at the United Nations in New York, the discussions came to an ignominious end last Friday when, first the United States and then Russia and China, pulled the plug on any agreement.
Joe Higgins, TD, Socialist Party (CWI Ireland)

World economy: £13 trillion hidden from tax by super-rich

04/08/2012, Take the wealth off the 1%!
Naomi Byron, Socialist Party (CWI England & Wales), first published in the Socialist

CWI Summer School: A stormy period for the world economy and relations

10/07/2012, Capitalist crisis and workers’ mass struggles take global dimensions
Finghín Kelly, Socialist Party (CWI Ireland)

World economy: Riding the double-dipper

27/06/2012, Capitalist leaders are in disarray as they strive and fail to get to grips with the eurozone crisis and its threat to the global economy
Lynn Walsh, from Socialism Today, magazine of the Socialist Party (CWI in England & Wales)

Euro crisis: Greece heads for the exit

26/05/2012, Eurozone convulsed by turbulent economic forces and political upheavals
Lynn Walsh, editor of Socialism Today, magazine of the Socialist Party (CWI England & Wales)

EU: Turning Europe into an economic wasteland

20/04/2012, Paul Murphy MEP attacks President Barroso on the failure of the austerity policies that he has promoted across Europe.
Paul Murphy, MEP, Socialist Party (CWI Ireland)

The euro patient: ‘Stabilised’ but still critical

29/03/2012, The European economies are in the throes of an austerity-induced recession, which is likely to be protracted.
Lynn Walsh, editor of Socialism Today, magazine of the Socialist Party (CWI England & Wales)

Further articles on 'World Economy':

2011:

2010:

2009:

2008:

2007:

2006:

2005:

2004:

2003:

2002:

2001:

1998:

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