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Crisis of Capitalism

Capitalism’s "Cataclysmic" Crisis

The world’s stock markets have fallen by over 10% in a matter of weeks. Some markets have not seen such falls since 1929. The Royal Bank of Scotland, Rob Sewell - editor of Socialist Appeal - reports, have warned that 2016 will be a “cataclysmic year”.

2016: the capitalist crisis deepens

George Osborne, the Tory chancellor, who only six weeks ago was boasting about the strength of the British economy, has now had to issue a bleak warning for the coming year. A culmination of weakening world growth, plummeting oil prices, and a sharp slowdown in China, amongst other things, has blown Osborne’s economic predictions out of the water.

"The never-ending story" of capitalist crisis

It is now over seven years since the beginning of the crisis, and there is still no end in sight. Talk of recovery is a sick joke at best, and deluded at worst. The reality is that a new – deeper – phase in the world crisis of capitalism is opening up.

Stock market meltdown: Harbinger of new world slump

World stock markets have been in meltdown from Shanghai and Shenzhen to London and New York. A sea of red blighted the computer screens of the stock exchanges everywhere in a panic global sell-off. Could this crash be a one-off event, which will quickly return to normal, or the beginning of a series of shocks in an unstoppable chain of events?

Capitalism in crisis: a sinking ship without any lifeboats

“Watch out”, alarmed the Economist in this week’s main headline. “It is only a matter of time before the next recession strikes. The rich world is not ready.” The front cover picture said it all: the knight in shining armour of the ruling class, looking backwards at the vanquished beast of the financial crisis, fails to notice that he is walking straight into the salivating jaws of an even bigger monster – and this time without any weapons left at his disposal.

Video blog

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Duration: 00:36:10
Date: 20 Jul 2016
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Duration: 00:21:45
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Duration: 00:58:56
Date: 29 Jun 2016