Socialist Appeal
The Marxist voice of Labour and youth
After 2008, China prevented a global depression by taking on a massive amount of debt. However, this merely paved the way for a larger crisis. This time the economic crisis will be far deeper, as China can no longer play this role.
The spread of the coronavirus across China is starting to have serious political repercussions for the regime. Social tensions are heightening, the economy is stalling, and the stability of the system is under threat.
The Coronavirus outbreak in China has caused widespread fear across the country. A perfect storm of bureaucratic blunders and the drive for profit has resulted in a growing crisis, heightening social tensions in China.
Today marks the 70th anniversary of the 1949 Chinese Revolution - when millions of peasants and workers rose up to overthrow the landlords and capitalists. This inspiring revolutionary movement provides many important lessons for today.
The big tech monopoly has been found using student "interns" in its factories, forcing them to work in brutally exploitative conditions. But this is not just a case of one rotten capitalist apple.