Capitalism in crisis

Ray Goerke, Socialist Alternative (ISA in Canada) (This article was first published on 4 November 2022) It seems that no matter the scale of the social crisis, there is always money for war. Less than a year after COP26, the Trudeau government is b...

Anti-racist protest as Trump’s former strategist Steve Bannon speaks in Hong Kong Adam N. Lee, chinaworker.info Racist politician Steve Bannon made a brief visit to Hong Kong on 12 September. President Trump’s former ‘chief strategist’ was ...

China’s rulers are destroying ten times as many coal mining jobs as Britain’s ‘Iron Lady’ Mrs Thatcher chinaworker.info reporters A tsunami of job destruction is heading towards heavy industry in China. This is especially in the coal and steel ...

Sino-US tensions increasing as China’s economy stumbles Vincent Kolo, chinaworker.info China’s president Xi Jinping began his week-long visit to the United States, touching down in Seattle on Tuesday 22 September, where he met with top CEOs inc...

Chaos erupts again on China’s stock markets Editorial from socialist newspaper Offensiv, weekly of the CWI in Sweden Just when the world’s elite were sounding the ‘all clear’ the Shanghai stock exchange plummeted again. On Monday 27 July Chines...

China’s leaders in tough balancing act between growing debt mountain and falling growth rate chinaworker.info China’s central bank (PBOC) announced on Wednesday 4 February a half percentage point cut in banks’ reserve requirement ratio (RRR) in...

Opinion polls show independence vote is balancing on a knife edge Philip Stott, Socialist Party Scotland (CWI in Scotland) “In the past four weeks support for the union has drained away at an astonishing rate. The Yes campaign has not just in...

Local government debt has soared but Beijing’s attempt to curb runaway credit misfires again Vincent Kolo, chinaworker.info An end-of year scramble for funds by financial institutions drove up interbank lending rates to levels not seen since th...

Forbes rich list says 400 wealthiest people became 150 billion US dollars wealthier last year Vincent Kolo, chinaworker.info “The rich are getting richer,” declared Russell Flannery, the bureau chief for Forbes Shanghai. The US magazine unveile...

We are living through one of the most dramatic periods in history Document adopted by the December 2012 meeting of the International Executive Committee of the CWIIntroduction We are living through one of the most dramatic periods in history....