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 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 […]
The following world perspectives document was discussed, amended and passed by delegates and visitors at an international conference, held in London from July 22-25 2019, to reconstitute the Committee for a Workers’ International (CWI). Global […]
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 […]
The socialist answer to capitalist crisis
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 […]
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 […]
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