As global markets reel in the face of the developing coronavirus pandemic, it is difficult to see how these events will not be the trigger for a new world capitalist economic downturn, with all the […]
The coronavirus pandemic has laid bare the inadequacies of capitalism internationally, and the problems with private healthcare in the United States, in particular. After months of the corporate media blaming ‘socialism’ for food and consumer […]
“We are at war!” President Emmanuel Macron declared in his speech to the nation on the evening of Monday, 16 March. It came just one day after less than a third of voters turned out […]
The following ‘workers’ charter’ to deal with the coronavirus crisis and workplace related issues, is produced by Socialist Party (England & Wales section of the CWI). The charter outlines a fighting programme for the current […]
A new stage of the economic crisis in Lebanon was reached on Monday 9 March, as the state defaulted on a £1.2bn euro-bond – the first default in the country’s history. This debt will prove […]
Italy is in lock-down in the fight against coronavirus. Bars, restaurants and shops are closed, with the exception of supermarkets, pharmacies and newsagents. And yet, under pressure from the bosses’ organisation, Confindustria, workers are still […]
British Prime Minister, Boris Johnson, won the general election, last December, by trying to pose as a ‘man of the people’. Despite the rhetoric the first budget of his premiership showed clearly that, like all […]
South Korea has been held up as a model by some commentators for its containment of coronavirus. It’s far from perfect, but a rapid supply of resources shows that the capitalists do have the money […]
With confirmed coronavirus cases in the thousands, the government of Italy has placed the entire country on lockdown. Prime Minister Giuseppe Conte first quarantined 16 million of the country’s 60 million population in infected ‘red […]
Nine weeks after the first Covid-19 coronavirus patient was identified in Wuhan it had spread to 98 countries. This is much faster than the 2003 Sars coronavirus outbreak, which eventually spread to 37 countries. However, […]
The biggest one-day fall in stock markets since the financial crisis; an oil price war between Saudi Arabia and Russia; and the fastest drop in the cost of oil for 30 years. The impact of […]
As new coronavirus infections gather pace – in Britain and around the world – British Tory Prime Minister, Boris Johnson, claims the country is “well-prepared with a fantastic NHS.” Who’s he kidding? NHS performance this […]
Download the full thesis here. Part 1 The explosive mass movements which have rocked Latin America, Haiti, Iraq, Lebanon, Iran and some other countries have opened a new chapter in the struggle against capitalism. These […]
World-wide the number of dead and infected from the Coronavirus appears to have reached a peak. But fears persist that large numbers could still die because of the impossibility of knowing before the symptoms develop […]
Tragedies like the deaths from novel coronavirus, over 400 at the time of writing, are never just ‘natural disasters’. They are not isolated from society. They are impacted by capitalism and also have an effect […]
For the third time in 20 years, a new virus has spread from animals to humans. It began on 29 December in Wuhan, a Chinese city of eleven million, probably crossing to humans at a […]
To meet an ever-growing questioning of capitalism since the crisis of 2007-08, the system’s defenders look to theoretically justify its continued rule. The latest effort is by the renowned former World Bank economist, Branko Milanović, […]
The issue of allowing US corporations access to the NHS and the affect this could have on the cost of drugs has featured prominently during the election campaign. Labour Party leader, Jeremy Corbyn, recently announced […]
The following statement was agreed at a meeting of European CWI sections and supporters, along with visitors from the USA and Nigeria, which was held earlier this week, in London. socialistworld.net The world situation is […]
The deep crises in the world economy and political establishments are not only reflected in attempts to resurrect Keynesian-style policies. Other capitalist economists are proposing that an even harsher neoliberal model should be applied – […]
Brutal neoliberal policies and austerity has created growing mass anger. The growth in Trump-style populism is one consequence of this, as is an increased interest in ‘New Deal’ style reforms. A recent book contrasts different […]
Last week, US President Donald Trump announced that under the rarely invoked International Emergency Economic Powers Act, the Chinese telecoms giant Huawei and seventy of its affiliated companies are set to be added to the […]
2018 marked ten years since the collapse of Lehman Brothers bank which plunged the world economy into the deepest economic recession since the 1930s. The financial virus spread quickly, causing production and trade to seize […]
Tories torn apart, French workers and youth in revolt, ‘populism’ on the rise … revolution in the air?
The underlying crisis of world capitalism has, as we predicted, significantly deteriorated in the year. In the decisive sphere of the world economy a new crisis looms, the timing and character of which are not […]
No-deal Brexit, establishment splits, threat of renewed downturn…
The socialist answer to capitalist crisis
“How things have changed,” declared US-based scholar Minxin Pei. Pei was referring to the problems now confronting China’s strongman, Xi Jinping, who suddenly doesn’t look quite as strong any more. Pei is among a horde […]
Mariana Mazzucato’s new book is a detailed exposé of the parasitic character of modern capitalism, drawing on Karl Marx’s theory of the source of value creation. But understanding the law of value is only a […]
G7 failure, penalty tariffs reflect capitalist world disorder
All is not well with capitalism. Economic jitters parallel political volatility. Stock market highs in December turned to mass share sell-offs in February. Colossal personal and governmental debt stalks the system, limiting the capitalists’ room […]
The IMF in its latest prognosis praises what it sees as a stable growth of the world economy. Yes, there are some risks the IMF says, not least the political ones. But the crisis has […]
Report of discussion on World Perspectives at CWI International Executive Committee meeting in November 2017.
CWI International Executive Committee debates European perspectives
See below the document on Latin America discussed, amended and approved at the November 2017 meeting of the CWI International Executive Committee.
Here we publish the final agreed, amended and approved version of the Thesis on the European situation voted on at the meeting of the CWI International Executive Committee in November, 2017.
We publish below the final, agreed and amended version of the World Perspectives document approved at the CWI International Executive Committee meeting in November.
We publish below a draft document on the situation in Europe which will be discussed, amended and voted on at a meeting of the CWI International Executive Committee. After the meeting, we will publish the […]
The North Korean bomb test on 3 September, the most powerful yet, and the bellicose reaction of the US, underlines the volatile and dangerous situation in the peninsula and entire region. The huge blast in […]
An international campaign by capitalist politicians and media has been unleashed against president Nicolás Maduro’s Venezuelan government. It has been used by Labour’s Blairista right wing to try to weaken Jeremy Corbyn. In Spain, the […]
Reply to Rob Sewell
The Daily Mail reacted with predictable hysteria when, in May 2017, John McDonnell stated: “You can’t understand the capitalist system without reading Marx’s Das Kapital.” When asked to immediately condemn his shadow chancellor, Labour leader […]
A Response to Bhaskar Sunkara
Far away from mainstream media’s attention, a catalogue of calamities is falling on Yemen. A devastating war, copiously fuelled by the world’s most potent capitalist powers, is subjecting the Yemeni people to enhanced misery, […]
Consolidating the Corbyn revolution
Review of ‘The End of Alchemy: money, banking and the future of the global economy’ by Mervyn King
2 May, as well as being in the midst of preparations for the upcoming snap election, marks 20 years since another general election – the one in 1997 which brought Tony Blair and New Labour […]
Everything to play for in 2017. 2016 was the year when the pent-up anger of the masses worldwide finally spilled over in a series of political earthquakes – a delayed reaction to the devastating world economic […]
Review of ‘And The Weak Must Suffer What They Must?’ by Yanis Varoufakis
Bosses strive to offload cost of crisis on working class – a struggle for system change is needed
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