Economy
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By Socialist Appeal USA
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Thursday, 02 February 2012 |
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We republish here a graph that was
originally published in the New York Times, based on figures from “The
State of Working America” by the Economic Policy Institute. It covers
the period from 1913 to the present, with a focus on the period after
1947
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By Daniel Morley
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Saturday, 17 December 2011 |
 The latest “decisive” EU
summit-to-end-all-EU-summits-and-fix-the-Eurozone-crisis-once-and-for-all
has signally failed to do so – just like all the previous “decisive”
and “final” summits. As in previous meetings, within days the results
were declared completely unsatisfactory by the markets. These gatherings
of EU heads of state are now a thoroughly debased currency. Nothing has
changed except that the national contradictions are sharper and more
insoluble than previously thought.
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By Adam Booth
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Friday, 09 December 2011 |
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Another
variation on the demand to “tax the rich” is the call for a tax on
financial transactions, otherwise known as a “Financial Transactions
Tax” (FTT), “Tobin Tax” (after the Nobel economics laureate, James
Tobin, who first proposed the idea in 1972), or “Robin Hood Tax” (i.e.
taking from the rich and giving to the poor).
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By Adam Booth
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Friday, 09 December 2011 |
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The present
economic crisis has been described in various ways by mainstream
commentators. All manner of “solutions” have been posed, both by the
bourgeois politicians and economists, and by the reformist leaderships
of the working class. What these commentators and representatives cannot
admit is that this crisis will not be solved by this or that reform.
Society is living through a crisis of capitalism and the choice facing
mankind is simple: socialism or barbarism
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By Alan Woods
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Wednesday, 07 December 2011 |
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Europe’s economic crisis is being
transformed by the day into a deep political crisis. Italy and Greece
both have new governments – governments of “national unity”, pledged to
solve the economic and financial crisis that has rocked Europe to its
foundations. What are these so-called technocratic governments and what
do they represent?
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By Socialist Appeal
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Monday, 28 November 2011 |
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World Economic power is being concentrated into an
ever-decreasing number of huge multi-national firms, mainly financed based,
according to a report published by researchers from the Swiss Federal Institute
of Technology. After working through data from millions of companies they
concluded that just 147 companies have an iron grip on the global economy.
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By Alan Woods
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Friday, 18 November 2011 |
 The crisis of capitalism is
accompanied by a crisis of bourgeois thought: philosophy, economics,
morality – all are in a state of ferment. In place of the earlier
optimism that stated confidently that capitalism had solved all its
problems, there is an all-pervading mood of gloom. Not so long ago,
Gordon Brown confidently proclaimed “the end of boom and bust”. After
the crash of 2008 he was forced to eat his words.
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By Fred Weston
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Sunday, 30 October 2011 |
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Last week Angela Merkel was warning
that peace in Europe could be endangered if an agreement was not
reached at the EU summit on how to manage the crisis that has engulfed
the euro and the whole of the EU economy. Speaking to the German
parliament she said, “No one should think that a further half century of
peace and prosperity is assured. It isn't. And that's why I say if the
euro fails, Europe will fail, and that mustn't happen." Some of the more
serious strategists of capital have even raised the prospect that the
euro could break up. The 27 EU leaders on Wednesday night, however,
finally produced a three part deal.
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By Socialist Appeal
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Tuesday, 25 October 2011 |
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Stratfor - a kind of think tank which analyses the world situation and
is run by people who used to do this for the US government - has come up
with this chart to show the choices now facing the capitalist states as
they look at the mess in Europe.
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By Rob Sewell
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Friday, 21 October 2011 |
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A new International Labour Organisation reports says that as much as 50%
of youth are now unemployed in many countries. Capitalist crisis has
meant soaring unemployment especially amongst the young. The report
warns of difficult years ahead where young people may resort to violence
to vent their anger at governments worldwide.
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By Jorge Martin
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Friday, 30 September 2011 |
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In an interview which shocked the BBC
News presenter, “independent trader” Alessio Rastani gave a very frank
appraisal of his perspectives for the world economy. "This economic
crisis is like a cancer, if you just wait and wait hoping it is going to
go away, just like a cancer it is going to grow and it will be too
late,” he said, adding that governments would not be able to fix the
economy.
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By Socialist Appeal
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Wednesday, 28 September 2011 |
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It has often been said that the "experts" of the ruling class will in
many cases come to the same conclusions as the Marxists but from
opposite ends of the class struggle.
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By Rob Sewell
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Saturday, 10 September 2011 |
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The world
crisis of capitalism has entered a new stage. Rather than recover,
several countries are showing features of a depression. This is an
unprecedented situation and shows the deep malaise affecting the
capitalist system, still reeling from the slump of 2008-9.
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By Rob Sewell
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Thursday, 18 August 2011 |
“When sorrows come, they come not single spies, but in battalions!” Shakespeare: Hamlet Act IV.
Each week the financial crisis seems to be moving from one country to another without a pause. No country can feel safe. This is the grim reality for world capitalism today. Political editor, Rob Sewell, looks at the reasons for this ongoing crisis and explains why capitalism cannot find a way out.
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By Dan Cooper
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Tuesday, 16 August 2011 |
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The start of this month has seen the US economy downgraded for the
first time in 70 years of credit ratings from AAA status to AA status;
the EU also faces its most serious challenge in its 66 year history as
sovereign debt crisis looks to be moving in the direction of Italy now.
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