World Economy

In the wake of the Covid-19 pandemic, with fears of rising unemployment as the furlough scheme is wound up, and the full extent of the economic scarring from the pandemic is revealed, there are also […]

Across the globe, at least 2.4 million people have now died from contracting Covid-19. Livelihoods have been wrecked and economies have crashed, with the world economy shrinking by over 4% and the UK suffering a […]

For over a year, the Covid-19 pandemic has wreaked havoc across the globe, causing over two million deaths and unleashing enormous economic and social crises. 2021 has ushered in new lockdowns in the UK, Germany […]

Around £320 billion is lost annually to corporate tax abuse and private tax evasion, the equivalent of nearly 34 million nurses’ salaries, according to the Tax Justice Network. Poorer countries are most affected, with tax […]

A decade ago, following the worldwide financial crash, a Financial Times editorial congratulated capitalism on a bit of luck that “the left” was “missing in action in what should have been its finest hour. In […]

The intimate connections between organised crime, high finance, and the capitalist state have been exposed. Documents leaked from the US Financial Crimes Enforcement Network (FinCEN) detail over $2 trillion of suspect transactions over two decades. […]

Few could have imagined when the Tories won the 2019 general election in Britain that five months later they would be carrying through measures of state intervention beyond the scale even of Jeremy Corbyn’s Labour […]

Statement from International Secretariat of the CWI 23 March 2020 The outbreak of the coronavirus pandemic has plunged world capitalism and society into an entirely new era of turmoil and upheaval. In country after country, […]