economic crisis

Record youth unemployment, worsening property crash and consumption slump Li Yong, chinaworker.info Over the past few years, the Chinese Communist Party dictatorship and the bourgeois media have repeatedly claimed that ‘a recovery is on the way’, but...

While crisis and recession are common under capitalism, the contours of global capitalism have changed dramatically since 2008. There’s a real danger that in this new era of imperialist conflict, things could spiral completely out of control. Chris G...

Xi Jinping promised the “China Dream” but the economic reality has become a nightmare. In this Editorial feature we present three articles addressing the state of China’s economy.  Socialist magazine editorial part 1 of a 3-part series When Preside...

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...

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...

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...

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...