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Monday, 29 March 2004 |
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Has British capitalism finally overcome what used to be called the
British disease: slower growth, higher inflation, continual currency crises
and a falling behind in living standards compared with the US, Europe and
Japan? Growth figures actually disguise a far more diseased system that the
media would like us to see. |
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Tuesday, 01 July 2003 |
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Marx explained long ago that capitalism operates through a series of booms and
slumps. In the boom of the Nineties, his ideas were laughed at. Now, the
situation is turning out differently as the world capitalist economy splutters.
No wonder a recent article in the Financial Times stated, "Marx seems to be getting the
last laugh yet." |
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Thursday, 07 March 2002 |
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On Wednesday March 6, President Bush imposed tariffs as high as 30% on most steel imports coming to the US from Asia and Europe. This will hit European steel makers hard, especially in Britain where there is a slump already in the steel industry. In periods of capitalist economic downturn, national interests predominate over international. Bush is supposedly a supporter of the "free market". But the Wall Street Journal called the tariff "perhaps the most dramatically protectionist step of any president in decades." By Michael Roberts. (March 7, 2002) We are also publishing two articles from the British Marxist magazine Socialist Appeal about the desperate plight of the steel industry in Britain and its workers. Steel industry correspondent Miles Todd explains that industrial action is the only way to prevent massive job losses. |
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