World Economy

Ongoing misery for working people

Workers’ struggles point way forward – Fight for a socialist future

Capitalist bailouts or socialist nationalisation?

Capitalism kills – concludes study of privatisation era

From finance crash to full-blown economic crisis

Workers’ struggles mount

Global economic downturn gaining momentum

Banks saved – workers’ and public sector paid

Build socialist alternative

Statement by Nouriel Roubini

Is the US economy also heading for a ‘lost decade’?

Global Capitalism in Crisis

Video interview with Peter Taaffe, General Secretary of the Socialist Party, cwi in England and Wales

End workers’ misery through genuine nationalisation and democratic socialist planning

Capitalist finance system nears meltdown

Karl Marx was right

Reviews of ‘The Gods That Failed: How Blind Faith in Markets Has Cost Us Our Future’ by Dan Atkinson & Larry Elliot

Price of petroleum is set in casinos of finance capitalism

The Trillion Dollar Meltdown, By Charles R Morris

Workers and Poor Masses Should Struggle for Socialist Alternative

Around the world, strikes, demonstrations and protests have erupted as millions upon millions of workers, peasants and poor face the horror of rapidly rising food prices.

A review of the latest book by economist and commentator Paul Krugman, ‘Conscience of a Liberal’

A new stage of the crisis

Opportunities for socialists will develop in the next period.

US sliding into recession

Global capitalism faces its worst crisis since 1945.

Price hikes cause riots and struggles for higher pay

Build a socialist alternative

The global capitalist economy has been hit by a major credit crunch.

Implosion of US ’sub-prime’ housing bubble goes global

Over the last week, billions of pounds have been wiped off share values worldwide as stock markets plunged.

Financial bubbles and the overaccumulation of capital

Can poor loans system end poverty and hunger?

Capitalism creates grotesque inequalities

Capitalism’s ruthless struggle for oil and gas

Was this merely a timely ‘correction’ of speculative bubbles or a preliminary tremor marking the onset of a deeper crisis?

The world economy today is hooked on fossil fuels: oil, gas and coal.

One measure of the surge in speculative activity is the sharp rise in foreign exchange (FX) dealing. In September 2004 the Bank for International Settlements (BIS) published its sixth triennial survey of foreign exchange and […]

Seventy-three percent of those who were asked in a national opinion poll were in favour of increasing the top rate of income tax on incomes of greater than £100,000 from 40p in the pound to […]

The price of oil has surged during 2004, after a period of relatively low prices.

The sluggish world economy is being dragged along by two coupled locomotives, with US capitalism at the head of the train and with China as a key auxiliary.

A ’black gold’ rush is in full swing.

Finance Ministers and central bank chiefs from the seven richest imperialist states, the G7, meet in Washington at the start of October.

The recovery in the world economy continues to assume an anaemic character.

Eurozone leaders attending the recent G7 summit of finance ministers from the richest capitalist nations let out a howl of impotent anguish. The statement issued after their meeting (7/8 February) at Boca Raton, Florida, deplored […]

THE BOOMS of the 1980s and 1990s were both driven by frenzied international financial speculation. They have left deep problems for capitalism, and now form a massive barrier to a new, sustained economic upswing in […]

DUBLIN HAS the odious task of hosting the World Economic Forum (WEF) from 19 – 20 October. The WEF, which is a representative "think tank" for the top thousand multinational corporations in the world, plans […]

The world economy is on the edge of a prolonged period of stagnation. Before the war on Iraq began, its approach had already made a negative impact. A United Nations statement in January this year […]