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World Economy

World Economy

The role of the ‘markets’ in the capitalist system

January 14, 2023 Nick Hart, Socialist Party (England & Wales CWI)

“Liz Truss resigns after failed budget and market turmoil”; “more than 40% of mortgages withdrawn as market reels after mini-budget”; “Sunak says higher taxes and spending cuts needed to satisfy markets”. For a period of […]

Poverty & Inequality

Capitalist system causes food crisis

October 25, 2022 Thea Everett, from The Socialist (weekly newspaper of the Socialist Party, England & Wales)

Nobody should go hungry. But in Britain, in 2022, well over two million people rely on food banks and food-sharing apps like ‘Olio’ to feed themselves and their families. The current economic crisis is seeing […]

World Economy

What is Marxist economics?

October 15, 2022 Steve Score, from Socialism Today (monthly journal of the Socialist Party - CWI England & Wales), October 2022 issue

We live in a world where historically undreamt-of wealth exists, where technology has been developed in a way that was only envisaged in science fiction, where enough food, shelter and the basics of life could […]

Britain

‘Black Wednesday’ 16 September 1992: The economic crisis that shattered Tory credibility

September 17, 2022 Dave Murray, Socialist Party (CWI England & Wales)

On 9 April 1992, the Conservative Party won a general election with a record-breaking 14 million votes. On 2 May 1997, it lost the next general election, with its standing shattered by the events that […]

Poverty & Inequality

The struggle for sustainable food systems

August 29, 2022 Iain Dalton, from Socialism Today, June 2022 issue, monthly magazine of the Socialist Party (CWI England & Wales)

With the rise of protest movements around climate change in recent years, an increasing spotlight has been shone on the question of food production and distribution. On one hand, global food production is estimated to […]

Poverty & Inequality

The housing crisis in the United States

August 1, 2022 Sarah Plutnicki, Independent Socialist Group (US)

Across the United States, many Americans are increasingly concerned about affordable housing availability within their local communities. According to a Pew Research Center survey from 2021, roughly 50 percent of Americans have said that affordable […]

Poverty & Inequality

Capitalism can’t feed the world

May 30, 2022 Thea Everett, from The Socialist, weekly paper of the Socialist Party (CWI England & Wales)

More food is being produced than ever before, yet world hunger has been rising since 2015 and is now back to its 2005 level of 811 million malnourished people. Nobody should go hungry. But capitalism […]

World Economy

Are cryptocurrencies ground-breaking assets for capitalism?

April 27, 2022 Robin Clapp

Cryptocurrencies have been hailed as innovative and ground-breaking assets that can have a transformative effect on the world economy. In the second article in our series ‘busting economic myths’, Socialist Party (CWI England & Wales) […]

World Economy

The 1973 oil price shock: Are we headed for a new period of capitalist stagflation?

April 25, 2022 Dave Reid, Socialist Party (CWI England & Wales)

As we head towards double-digit inflation, the Tory government in Britain is trying to offload blame for the huge price rises in fuel and gas by pointing to the price shock that has taken place […]

Poverty & Inequality

Ukraine war exacerbates global food crisis

March 25, 2022 Iain Dalton, from The Socialist, weekly newspaper of the Socialist Party (CWI England & Wales)

“We were already having problems with food prices… What countries are doing now is exacerbating that, and the war is putting us in a situation where we could easily fall into a food crisis,” said […]

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