June 11, 2023
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    economic crisis

    Potential for explosive struggle as British capitalism braces for recession

    Sunak’s claim to be a safe pair of hands in the current economic crisis will fall apart under the impact of a prolonged downturn. This will in turn exacerbate the splits in the Tory Party making this a government of permanent crisis. Editorial of So...

    China: The Deepest Crisis for 30 Years

    This is an abridged version of an article from the upcoming issue (number 8) of Socialist World, the political and theoretical journal of International Socialist Alternative. Vincent Kolo, chinaworker.info A succession of economic and political dis...

    Oil prices collapse

    The spectre of deflation Tony Wilsdon, Socialist Alternative (ISA USA) The collapse in oil prices in the second quarter of 2020 will be a further accelerator of the deepening world economic depression. The New York Times writes: “Just a few month...

    EU in crisis and COVID-19

    The €540 billion fund is not the ‘game changer’ that the headlines suggested Finghín Kelly, Socialist Party (ISA Ireland) Last week saw a major clash between eurozone finance ministers with a 16 meeting ending in a deadlock before a face-saving m...

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    Hiroshima G7 ramps up US-China Cold War

    The Group of Seven (G7) major Western capitalist economies met in Japan on 19-21 May As expected these governments used this opportunity to ramp u...

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