Socialist Appeal 162 out now!

162-coversmall.jpg A new issue of Socialist Appeal is out. Read more about it or get your copy now before it is too late.
 

Economy in crisis

Profits, crisis and credit crunch: can 1929 happen again?

Railway chaos Print E-mail
By Eric Hollies   
Thursday, 31 January 2008
network-rail-chaos.jpgOver Christmas the railways were in chaos - again. Why does this sort of thing happen in Britain? It hasn't always been like this. The problem started with privatisation. The Tories under John Major plotted a privatisation so stupid that even Thatcher had thought better of it.
 
Trotsky and the fight against Fascism Print E-mail
By Leon Trotsky   
Wednesday, 30 January 2008
trotsky-riverosmall.jpgSeventy-five years ago today, on January 30th 1933, Hitler was appointed Chancellor of Germany. Two months later the Reichstag voted him dictatorial powers. The workers' parties were banned and their leaders thrown into concentration camps. The strongest labour movement in Europe was destroyed without even breaking a pane of glass, as Hitler boasted. The way was clear for genocide and world war.
 
Why Hitler Came To Power Print E-mail
By Ted Grant, December 1944   
Wednesday, 30 January 2008
hitler1.jpg"The new generation, in particular, must understand the part Stalinism played in German events prior to Hitler's seizure of power, if they wish to understand its present role", wrote Ted Grant in 1944. Trotsky and the Fourth International alone warned of the catastrophe the Nazi's would bring upon the workers of Germany, Europe and of the Soviet Union. The Stalinists surrendered the German masses to Hitler and even proclaimed the coming to power of Hitler as a victory expressing the crisis of capitalism, boastfully proclaiming 'our turn next'.
 
Fascism's Rise to Power Print E-mail
By Rob Sewell   
Wednesday, 30 January 2008
hitlermussolini.jpgToday marks the 75th anniversary of the coming to power of Adolf Hitler and the Nazi party in Germany. Read here chapter 7 of Rob Sewell's Germany: from Revolution to Counter-Revolution, which deals with the period just before Hitler comes to power and explains the reasons for such a catastrophe, in particular the failiure to create a united front between the socialist and labour organisations.
 
Rogue traders Print E-mail
By Mick Brooks   
Tuesday, 29 January 2008
jerome-kerviel.jpgHow do you lose £3.7 billion? Down the back of the sofa? Meet Jerome Kerviel. He lost £3.7 billion of his employer’s money, Societe Generale, a French bank. Is it actually a good argument for capitalism that the whole world can be screwed up because of a solitary rogue trader? Is the system really so precarious that one crook can send world financial markets into freefall?
 
Sneezes, pneumonia and the sniffles - idiots are discussing our fate! Print E-mail
By Matt Wheatley   
Tuesday, 29 January 2008
prince-andrewportrait.jpgWith a world recession looming, slides in the stock market and capitalism generally entering a period of crisis you would expect the first day of the World Economics Forum to be the site of a serious discussion and plans for the future; not so.
 
Pre emptive strike anyone? Print E-mail
By Terry McPartlan   
Tuesday, 29 January 2008
patriot6.jpg For years Socialist Appeal and the International Marxist Tendency have been arguing that the world is an increasingly unstable place, where war threatens on many fronts and revolution and counter-revolution hang in the air. The bourgeois and the Labour right wing basically argue that it’s all down to evil people and that nice President Bush and the generals keep us all safe by attacking terrr’sts and keeping the world safe for freedom and ‘mockracy.
 
Bolshevik Bobbies Print E-mail
By Rob Sewell   
Monday, 28 January 2008
police-pay-march_13602b.jpg"The London police on strike. After that, anything can happen", said Sylvia Pankhurst in 1918. The ground is certainly shifting in Britain. There has been a continual build up of public anger at the government's attempt to impose a 2% limit on public sector pay. The Police are getting a paltry 1.9% rise, in effect a pay cut. They were furious and making all kinds of threats against the Home Secretary Jacqui Smith and Gordon Brown.
 
German workers victory and the shift to the left Print E-mail
By Ian Aylett   
Monday, 28 January 2008
die-linke-germany.jpgEven before panic hit the financial markets the UK press was determinedly ignoring the big victory of German train drivers last week. The train drivers won an 11% pay increase! Yet the emergence of what amounts to a five party system shows Germany is entering a period of increased political instability.
 
Audio File: What is money? Print E-mail
By Mick Brooks   
Friday, 25 January 2008
money_management.jpgAt a Youth School of the Socialist Appeal late last year Mick Brooks introduced a discussion on 'What is money?'. Given the current financial turmoil many are asking what is behind the jargon given by economic commentators today. This serves as a useful introduction to the idea and concept of money.
 
Friends in the North or just in high places? Print E-mail
By Terry McPartlan   
Friday, 25 January 2008
brown-scandal.jpgSo if things weren't bad enough for Gordon Brown, it looks like the Labour Party has been taking big donations from Tory voters. Apparently, a number of confused members of the public have discovered that their bank accounts have been used to transfer funds to the Labour Party. This all sounds a bit fishy. Can we expect a new episode of "Our friends in the North"?
 
New Labour Scottish leader & supporters under investigation over illegal donation Print E-mail
By Kenny McGuigan, Glasgow   
Friday, 25 January 2008
wendy_alexander.jpgThe Electoral Commission has launched an investigation into an illegal donation to Wendy Alexander MSP's campaign to take over from Jack McConnell as Labour leader in the Scottish Parliament, following Labour's worst electoral defeat in 50 years.
 
Peter Hain- where did you get all that money? Print E-mail
By Steve Jones   
Thursday, 24 January 2008

hain-resign.jpgHain resigns: New Labour enmired in sleaze 

New Labour's indecent closeness to big business claimed another victim as Hain resigned today. The police are now on his tail. The victim is not Hain. His resignation will, after all, give him more time to count his money. The victim is the working class who have voted for Hain and his mates in order for Labour to do a job for ordinary working people, not grovel to big business.

 
Audio File: Alan Woods on world perspectives 2008 Print E-mail
By Alan Woods   
Thursday, 24 January 2008
idom.jpgListen to Alan Woods delivering a speech on the world political and economic perspectives for year 2008 at a meeting of the leadership of the International Marxist Tendency on January 13, 2008. (The speech can be downloaded in one MP3 file or divided into 3 parts: 1 - 2 - 3)
 
World economy in crisis - The financial panic: where are we now? Print E-mail
By Mick Brooks   
Thursday, 24 January 2008
recession.jpg Everything now clearly indicates that the advanced capitalist world is headed for recession. The only question is when and how deep that recession will be. In fact Merrill Lynch says the US economy is already in recession. And that’s bad news for all of us. Here Mick Brooks at what is really going on in the world economy.
 
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Audio

hitlersmall.jpgFascism and the Rise of Nazism

The coming to power of the Nazi party in Germany 75 years ago marks the begining of one of the darkest periods of human history. What is Fascism and how did it emerge in a country with the strongest labour movement in the world? Mick Brooks of Socialist Appeal talks on the story of the rise of the Nazis.

Listen here.

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