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Economy in crisis
Profits, crisis and credit crunch: can 1929 happen again?
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By Nathan Morrison
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Thursday, 24 April 2008 |
On Monday the 21st of April 2008 a leftist former
Bishop, Fernando Lugo, won the elections to the Paraguayan presidency. Lugo,
dubbed by many as the “Red Bishop” or the “Bishop of the poor” ousted the 61
year ruling party - the Colorado Party. The Colorado Party’s reign in power was
bourgeois democratic in its latter years and took the form of the military
dictatorship of Alfredo Stroessner prior to 1989, the year when he was deposed.
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By Rob sewell
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Wednesday, 23 April 2008 |
 As the recession begins to bite deeper with every passing
day, millions of ordinary people face losing their homes, bankers’ profits are
taking a hit, tens of thousands are facing the dole queues, the world is on the
brink of economic recession, yet the super rich have never had it so good,
especially the hedge fund managers.
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By Socialist Appeal reporters
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Wednesday, 23 April 2008 |
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 The Brown government has been ruthless in attempting to keep
workers’ wage rises to 2%, causing real pain amongst Britain’s poorest workers.
Their justification was that inflation was only 2% and the “country” could not
afford inflationary pay deals.
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By Ewan Gibbs
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Wednesday, 23 April 2008 |
 The news headlines in Scotland today were dominated by the
strike of 1,200 workers at the Grangemouth oil refinery in the west of
Scotland. This is one of only nine refineries in Britain. The plant
processes 210,000 barrels of oil a day. Announcement of the strike has
triggered panic buying of petrol. Management have to start closing the plant
down nearly a week before the walk-out is due.
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By Socialist Appeal Reporters
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Tuesday, 22 April 2008 |
Last weekend the Socialist Appeal held its national
conference, the proceedings of which revealed important steps forward in the
development of the tendency in both the youth field and the trade unions. The
mood was one of enthusiasm and determination to build even further on the past
year's successes.
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By Socialist Appeal
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Tuesday, 22 April 2008 |
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 New Socialist Appeal leaflet available
Over 100,000 Members of
the Public and Commercial Services Union (PCS) are on strike together with up
to half a million other public sector workers including teachers and lecturers.
We are all protesting at the government’s policy to cap public sector pay below
inflation which has resulted in cuts to living standards across the civil
service.
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By Ted Grant in 1939
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Tuesday, 22 April 2008 |
 With preparations for war in full swing the
small Workers' International League gathered around Ralph Lee and Ted Grant was
the only voice that stood out defending a real internationalist position. Here
we provide our readers with the lead article of the August 1939 edition of Youth
For Socialism, signed by Ted Grant.
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By Mick Brooks
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Monday, 21 April 2008 |
 The immediate cause of the sliding dollar
is not far to seek. It’s the US
deficit with the rest of the world. Last year the USA imported nearly twice as much
as it exported. Their current account deficit stands at 6% of national income.
If a country is spending more than it’s earning, then it has to pay for the
difference.
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By Ian Aylett
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Monday, 21 April 2008 |
 This is a really valuable book for socialists. Ironically its
strength, as well as its weakness, is that it’s not written from a ‘political’
position. Nick Davies is an established and excellent investigative
reporter. He writes from the point of view of a practitioner defending
professional standards, seeking to explain, within those terms, why so much
British journalism is so wrong.
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By Socialist Appeal students in Wolverhampton
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Friday, 18 April 2008 |
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On
Wednesday April 16th our second meeting of students trying to set up a
Socialist Society at the University of Wolverhampton took place.
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By Socialist Appeal
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Friday, 18 April 2008 |
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 They’re back from the dead. We thought we’d driven a stake
through their rotten hearts in the Labour landslide of 1997. Now they’re 13
points ahead in the polls. They should be history. So why are they making a
comeback? Because New Labour have been rumbled. They said they were being
prudent with the economy. They talked about, ‘no return to boom and bust.’ Now
we can see that they were just lucky. Don’t
let the failure of New Labour be the opportunity for the Tories. Reclaim the
Labour Party. It was set up as our party, as a party for the working class.
Fight the Tories with socialist policies.
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By Steve Higham
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Friday, 18 April 2008 |
 Karl Marx was a man with a family to look after, and a revolutionary
who no country acknowledged as citizen. A giant thinker of the modern
era who transformed our outlook in philosophy, economics and political
thought, Marx's revolutionary activity was hobbled by poverty. Steve
Higham chronicles his hardships and achievements a century and a
quarter after his death.
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By Matt Wells
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Wednesday, 16 April 2008 |
 Marxism
is a not a moral code and is more than a set of ideas. It is a method that, if
applied correctly to the concrete situation, acts as a compass for the movement
towards the transformation of society by the working class in the interests of
humanity as a whole. Anyone can use a compass but it is still necessary to
decide whether to continue heading north or to change direction. Trotsky’s
short article, Trade Unions in the Epoch of Imperialist Decay, though unfinished, contains some vital lessons for the class conscious
workers and youth.
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By Rob Sewell
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Tuesday, 15 April 2008 |
 For those unacquainted with Marxist philosophy, dialectical materialism may
seem an obscure and difficult concept. However, for those prepared to take the
time to study this new way of looking at things, they will discover a
revolutionary outlook that will allow them an insight into and understanding of
the mysteries of the world in which we live. A grasp of dialectical materialism
is an essential prerequisite in understanding the doctrine of Marxism.
Dialectical materialism is the philosophy of Marxism, which provides us with a
scientific and comprehensive world outlook. It is the philosophical bedrock -
the method - on which the whole of Marxist doctrine is founded.
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By Eric Hollies
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Tuesday, 15 April 2008 |
 The government is pushing plans for a third runway and a sixth
terminal. The fifth terminal will open soon. The fifth terminal on its
own is the third biggest airport in Europe. When the go-ahead for a
fourth terminal was given in 1979 Glidewell, the Chair of the Inquiry,
stated, "In my view the present levels of noise around Heathrow are
unacceptable in a civilised society." Right first time. The fourth
terminal was given the nod on the grounds that that was it. No fifth
terminal. Ever. It seems all governments, not just the present one, are
terminal liars.
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