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?

Socialist Appeal 161 is out now! Print E-mail
By Socialist Appeal   
Friday, 28 March 2008
sa161med.jpg Socialist Appeal 161 is out now!
 
China ‘Strike Capital of the World’ According to Fascinating Newsnight Report Print E-mail
By Dan Morley   
Friday, 28 March 2008
nnightchinamed.jpgIn a bizarre but brilliant turn of editorial line, BBC’s Newsnight has launched an apparently socialist documentary series on China. At least, that was how it appeared on the basis of Paul Mason’s excellent report on Wednesday 26th March, to be followed up the following week.
 
How to deal with hecklers Print E-mail
By a Socialist Appeal Reporter   
Friday, 28 March 2008

At a meeting in London on 13th March a couple of hecklers were attacking John McDonnell for being a member of the Labour Party. Veteran trade unionist Harry Whittaker answered them in his typically forthright Scottish manner. He said: “What would a working man do if he had spent years building himself a house only to find it had become infested by rats? Would he give up his home and move elsewhere, leaving the house completely in the control of the rats? Of course not! He would never give in to the rats; he would fight them and he would not rest until he had rid his house of the last vestige of this verminous infestation. And this is exactly the same course of action which the true socialist must take with the House of Labour."

 
Editorial: Take over the banks! Print E-mail
By Socialist Appeal Editorial Board   
Thursday, 27 March 2008
canary-wharf.jpgWe need to take over the banks to bring order out of chaos and growth out of stagnation. In future months we will be urged for the need to nationalise loss-making financial institutions. We are not just interested in nurturing losses. Those who incurred the losses can look after them – and that’s not us. We need to take over the lot. We need to separate the fat cats from their wads. We need to run the banks in our interests as part of a socialist plan. We need to run them under democratic workers’ control and management. And we need to start organising ourselves to do this now.
 
Using Torture to Stop Terror Print E-mail
By John Gandy   
Thursday, 27 March 2008
interrogation4med.jpg Imagine you have a known terrorist in your custody. He holds the information that could be used to disarm a bomb. With this information you can save the lives of thousands, perhaps millions of innocent people. But he will not give you the information. What do you do?
 
Support stem cell research - the most important development since the discovery of antibiotics Print E-mail
By Kenny McGuigan   
Wednesday, 26 March 2008
sporesmed.jpg The Roman Catholic Church and other religious bigots are demanding a ‘conscience’ vote for MPs voting on the embryology bill to regulate stem cell research. Socialists may wonder why it has taken Labour MPs eleven years in office to grow a conscience. In reality the bigots want the right to blackmail Parliament and foist their prejudices on the rest of us. Kenny McGuigan deals with the ethical and scientific arguments for and against embryology research.
 
Bear Stearns - down and out Print E-mail
By Michael Roberts   
Wednesday, 26 March 2008
bearsternsmed.jpgWorld stock markets are still reeling from yet another shock to the system brought on by the so-called credit crunch that has enveloped capitalist financial markets since last summer. The latest shock was the biggest yet. Late on Sunday night, 16 March, the US Federal Reserve Bank announced that Bear Stearns, America’s fifth-largest investment bank, was bust.
 
World Economy: Monoline – the latest domino to go down Print E-mail
By Mick Brooks   
Wednesday, 26 March 2008
recessionmed.jpgThe Chinese have a saying and curse – may you live in interesting times. The financial crisis and credit crunch are certainly interesting times. But how do these complex shenanigans impact on the real economy?  We are experiencing a crisis in what is called the monoline business in the USA where banks are set to write down more than $200 billion of their assets. Kissing goodbye to all that money brings a banking collapse so much closer. $2.4 trillion in loan guarantees have been called into question.
 
Imperialism: get out of Iraq and Afghanistan Print E-mail
By Ewan Gibbs and Patrick Orr, School Students Against the War   
Tuesday, 25 March 2008
child_injured_us_illegal_me.jpg Tens of thousands of people have taken to the streets to mark the fifth anniversary of the invasion of Iraq, and to stand against the ongoing occupations of Iraq and Afghanistan. These demonstrations come as the US is piling the pressure on its NATO allies to commit more troops, and send more into combat on the front line.
 
“Hurrah for Capitalism!”: Schools for Aspiring Millionaire Fools Print E-mail
By Rob Sewell   
Tuesday, 25 March 2008
thatcher-blairmed.jpg Margaret Thatcher was recently asked what she regarded as her legacy. She replied with a smile, “Tony Blair”. As world capitalism lurches into a deepening economic crisis and world stock markets tumble, members of the Brown government, the continuers of Blairism and New Labour, are more eager than ever to extol the virtues of millionaire capitalism.
 
Four million people say ‘no’ to post office closures Print E-mail
By Andy Blake, CWU   
Thursday, 20 March 2008
post-office789.jpgOn Wednesday 19th March . 19 Labour MPs voted against the plan with the Tory hypocrites and many more abstained. Some voted out of principle and some to save their miserable hides at the next election. For this is a plan that nobody (except the jackals of big business) wants. Four million signed the petition to save the post offices. They were ignored. The government is now recommending the county councils take over the threatened branches. They are commemorating Easter by imitating Pontius Pilate. The fight is still on to stop this vandalism.
 
UNISON: Equal Pay or something less? Print E-mail
By UNISON Socialist Appeal Supporters   
Thursday, 20 March 2008
unison12.jpgThree years ago Peter Doyle the Regional Officer for UNISON in Carlisle pulled off a huge victory in terms of Equal Pay for Work of Equal Value worth potentially £340 million. The amount was so big partly because the case had dragged on for years and also because the extent to which the 1,500 women had been underpaid. Trade union struggles are often complex and difficult. They are made even more difficult by the union bureaucracy cuddling up to the labour leadership, instead of representing the members.
 
Wolverhampton meeting: Capitalism in Crisis - More of the Same or Revolution? Print E-mail
By Darrall Cozens and Sara Bruckner   
Thursday, 20 March 2008
On Wednesday March 12th some 18 students and visitors met in the Wolverhampton University Students Union building to discuss the topic "Capitalism in Crisis - More of the Same or Revolution?."
 
Kim Howells' dangerous comments should be withdrawn now – says UNISON Print E-mail
By UNISON press release   
Wednesday, 19 March 2008
kimhowellsmed.jpg It is almost impossible to believe the rank stupidity and/or duplicity of the people masquerading as Labour Ministers. This is a press release from UNISON in response to the latest claptrap from Kim Howells, in which he makes allegations that put at risk the lives of trade unionists in Columbia. Please use this information in your own unions and demand the retraction of Howells' allegations.
 
Cathy isn’t home: strike action at Shelter Print E-mail
By Ian Aylett   
Wednesday, 19 March 2008
cathy_come_home2med.jpgIn the past month Ken Loach has been outstanding in his support for Shelter workers in an industrial dispute with management. They are trying to impose an extra two and a half hours a week work for no extra pay so that Shelter, a company with a £49.1m turnover is competitive with private companies in winning work contracted out by a Labour government to the cheapest bidder. Over 70% of the 468 Unite members voted for strike action.
 
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Audio

capsmall.jpgCapitalism and the Environment

The degradation of the environment has consistently grabbed the headlines in the past few years as the way in which the world is arranged threatens the very existence of life on this planet. Mick Brooks, editor of the Socialist Appeal, talks at the Socialist Appeal day school in December on capitalisms contibution to the environmental problems we face today and and what alternative a socialist society can offer.

Listen to part 1 and part 2.

Read more...