Economy
Monopoly capitalism and the case for socialism Print E-mail
By Will Roche   
Friday, 19 February 2010
e-waste-1.jpgMonopolisation of big business is endemic to the capitalist system. Big business has become wealthier and more powerful today than ever before.The revolving doors between government and industry has ensured the continued domination of big business over parliament and state. Capitalist economists constantly argue that privately run industry driven by pursuit of profit is the best way for an economy to function. But, even a cursory look at the world around us tells a very different story. Far from being efficient, capitalism is riddled with contradictions and crisis. You could write multiple volumes, as Karl Marx did, on the inadequacies of capitalism, but here, in this limited space, we shall deal with just a few.
 
Euro crisis confirms Marxist perspectives Print E-mail
By Alan Woods   
Friday, 19 February 2010
eu.jpgWhen the economy was booming the euro was seen as a source of strength for those countries that had adopted the new currency. Now it is transforming into its opposite, as the crisis in Greece demonstrates. The Marxists warned about this long ago.
 
The Greek crisis and the threat to the Euro Print E-mail
By Mick Brooks   
Tuesday, 16 February 2010
Eurocrisis.jpgGreece, like all the other capitalist countries afflicted by the recession, is running a big deficit on its government  budget. Tax revenues have collapsed and more benefits are having to be paid out to the unemployed. Deficits for the European Union countries as a whole tripled from 2.3% to 6.9% from 2008 to 2009 because of the slump.
 
The revolving doors of business and government Print E-mail
By Will Roche   
Wednesday, 27 January 2010
handshakemedium_web.jpgMarxists have long since been conscious of the nature of the state, its industrious defence of the capitalist class, and its prejudice against working people. But much of the public are unaware of just how incestuous the capitalists and governments really are. Read part two of Will Roche's study of monopoly capitalism.
 
How to take on Wall Street Print E-mail
By Mick Brooks   
Saturday, 23 January 2010
obama1.gifThe bankers are celebrating their orgies.  Wall Street banks are set to shell out $65bn in bonuses to the speculators who fouled up so spectacularly and brought the credit crunch down on our heads. Some of this largesse will drop into the laps of dealers in the City of London and Canary Wharf. Goldman Sachs alone will lash out $20bn and JP Morgan, Morgan Stanley, Citigroup and Bank of America will stump up another $65bn
 
The next recession Print E-mail
By Michael Roberts   
Friday, 08 January 2010
recession.jpgThe deepest and longest economic recession in the advanced capitalist economies since the 1930s is more or less over.  But it won’t be long before capitalism plunges into another.  That won’t happen in 2010, but there will be another economic slump before the new decade is out.
 
Bye, Bye, Dubai? Print E-mail
By Mick Brooks   
Tuesday, 01 December 2009
dubai.jpgThe world of international finance has been shaken by the default in Dubai. Shares have taken a tumble all over the world. Commentators have suggested that this could be the cause of the recession moving into a double dip, of a further downturn in the world economy. Mick Brooks looks at the unfolding crisis in the, until last week,  'money no object' world of Dubai.
 
Monopoly Capitalism Print E-mail
By Will Roche   
Monday, 30 November 2009
factorymed.jpgThere has been no levelling off of the global economy, as economists predicted. Although industrialisation has expanded to lesser-developed countries, it has generally been along lines determined by global corporations based in advanced capitalist countries. From colonialism, we have moved into the age of multinational corporate domination. Will Roche looks at the rise of monopoly capitalism.
 
Editorial:British Economy - why is it last out of recession? Print E-mail
By Socialist Appeal   
Sunday, 29 November 2009
brown-gonefishin.jpgStock exchanges and commodity prices are on their way up. The world economy is showing faltering signs of recovery. There’s no doubt that it’ll be a long haul. Millions of people all over the world have had their lives devastated by the economic tsunami. It will take years to clean up all the mess. But one major national economy after another has announced that the recession is officially over – France, Germany, Japan and even the USA. All except Britain. Why is British capitalism still stubbornly stuck in the mire?
 
Bank bailout: throwing good money after bad Print E-mail
By Mick Brooks   
Friday, 06 November 2009
rbs1.jpgWhy is New Labour hurling yet more of our money at the banks?  The London ‘Metro’ screams that the latest deal is the “World’s biggest bank bailout.” It’s costing every household in Britain £2,000, on top of all the money wasted last time round 

This plan costs nearly £40bn, more than the £37bn the government pumped in to the banks a year ago. £40bn would build more than 1,500 schools, but the banks, we are told, are more important than our kids’ future. Brown boasted last year that he had ‘saved the world.’ Not quite, it seems. Now the banks are in further financial difficulties and back with their begging bowls.

 
1929: From boom to bust to depression Print E-mail
By Mick Brooks   
Thursday, 15 October 2009
1929-stock-crash.jpgOn Thursday October 24th 1929 the great New York stock exchange panic began. 12,894,650 shares changed hands, many at fire sale prices. The following Black Tuesday October 29th Wall Street began its long meltdown. The Wall Street crash divides two eras: the jaunty ‘jazz age’ of the 1920s and the 1930s – the decade of depression.

 

 
A nasty Turner for the worse Print E-mail
By Michael Roberts   
Tuesday, 13 October 2009
adair_turner.jpgLord Adair Turner is head of the UK’s Financial Services Authority, the body in charge of regulating the banks and other financial institutions. Some weeks ago, he was interviewed by Prospect magazine, a small mouthpiece of the Blairite wing of New Labour.  In that interview, Lord Turner blurted out a telling truth about finance capital that its proponents did not want to hear. The reaction  from financiers has been apoplectic.
 
The Great Recession: is it over? Print E-mail
By Michael Roberts   
Friday, 18 September 2009
bankrupt1.jpgFor the capitalists, this Great Recession could be more or less over, but the level of spare capacity in industry and construction together with the level of debt still owed by businesses, government and households alike mean that this recovery may be stunted. Every major capitalist economy now finds that it has more than 30% more capacity than it needs to meet demand. That is a record high of overcapacity in industry.
 
The Unfolding Capitalist Crisis – a nightmare for workers everywhere Print E-mail
By Rob Sewell   
Friday, 04 September 2009
lehman.jpgThe capitalist system is passing through its deepest crisis since the 1930s and the Great Depression. The apologists of capitalism – including those in the labour movement – had completely ruled out such a scenario In the main article from this month's issue of Socialist Appeal, Rob Sewell looks at the background to the crisis.
 
U3 or not U3? Print E-mail
By Michael Roberts   
Thursday, 02 July 2009
usa_crisis.jpgOver the last few decades - first under the Tories then under New Labour - we have seen the official unemployment figures massaged and fiddled time and time again in order to make them seem more 'acceptable' in the official reports and, of course, the newspapers. Is this unique to the UK? Well no, let's  have a look at the real rate of unemployment in the US.
 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Results 1 - 15 of 141

Pamphlet: What We Stand For

what_we_stand_for_cover1small.jpg
manifesto_imt_crisis123.jpg

Socialist Appeal Fighting Fund appeal 2010

lenin_print.jpgClick here to make an online donation to Socialist Appeal


Unison GS election: Support Paul Holmes

Latest news on the campaign for Paul Holmes to be the Left candidate for the unison GS election

unison.jpg

 Visit Paul's Blog

 One Left candidate needed

John McDonnell MP backs Paul

Paul Holmes Video

Fightback Interview

Newcastle Meeting

London Demo: April 10th 

New Book - 'Reformism or Revolution' - now available

reformism-or-revolution.jpg

Marxist International Review

mir2.jpg

School Students' Union

schoolstudentsunion.jpg

In Defence Of Marxism

Leon Trotsky's classic work

"In Defence Of Marxism"

Now available from Wellred

at a special price

leon-trotsky.jpg

Click here to buy

The Communist Manifesto

commie-manifestosmall.jpg
Socialist Appeal on Facebook
Stay in touch! Join our Facebook Group.

Send us reports!

Send us your letters, articles or workplace and trade union reports!

Please get in touch and wherever possible we will publish submitted items on our website or in our monthly paper Socialist Appeal

E-Mail: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

Post: PO Box 50525, Poplar, London, E14 6WG, United Kingdom.