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Marxists in the US have just finished discussing and agreeing a new perspectives doument on the ongoing crisis of the system in America. Given the importance of what happens in the most powerful capitalist country on earth, we are reproducing that document for UK readers.
Next week's conference of the public sector union Unison will be the most important for decades given the severity of the cuts being promised by the new government. Many of Unison's members are low paid or part time and will be hit hard by a government keen to cut costs to bail out the bosses crisis.
Further to
our earlier report that John McDonnell has withdrawn as a candidate for
election as Labour leader, it has now been confirmed that Diane Abbott
has now secured
enough nominations to get on the ballot. She will be up against the two
Milibands,
Ed Balls and Andy Burnham.
The following statement has just been released by John McDonnell
concerning his campaign to be on the ballot paper for Labour leader.
Nominations close at lunchtime today with the party NEC meeting this
afternoon. We will comment further on this once the situation becomes
clearer later today.
Anarchism is a confused political creed. In fact some anarchists
take pride in the fact that it is difficult to pin their ideas down
almost as a point of principle. But their watchword has always been a
struggle against ‘authority.’ Some may find this slogan attractive,
but Engels’ brilliant essay shows that some class always wields
authority in society – the question is which one.
Ted Heath’s plans went very "agley" in the early 1970s, and he had a Tory
parliamentary majority that Cameron can only dream of. The volatility
of the world in 2010 means that this new Tory/Lib Dem government will be a
government of crisis. Certainly the story of Ted Heath’s demise has a
lot of lessons for trade unionists and socialists today.
Europe faces a protracted period of austerity, with major
contractions in output, consumption and employment. The crisis has
started with the smaller, more vulnerable economies like Greece,
Portugal and Ireland. But the others will follow, starting with
Britain. 
Those of us watching the political developments in the wake of the
election have seen a kaleidoscope of people passing by – Brown,
Cameron, Clegg and all their understrappers have all been very busy.
They all have one thing in common. They are interested in politics. But
at this crucial time their attention has been concentrated on an
unusual figure – the Queen. She’s unusual because she’s not interested
in politics at all. Her favourite paper is the ‘Racing Post’ and her
major interest is in horse racing
