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) […]
The recent acute shortages of energy, goods, and labour in some sectors in the UK stem in large part from UK-specific capitalist failings. But the volatile world situation is part of the background to those […]
The explosive leaking of 6.4 million documents and 1.2 million emails, the ‘Pandora papers’, showing the grotesque activities of the super-rich, stashing billions of US$ in offshore accounts to avoid tax and to launder money, […]
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. […]
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, […]
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 […]
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