Economy

Socialists should be friendly and understanding of MMT’s appeal, but firm in pointing out its weakness as a bourgeois theory which does not recognize the limitations of the capitalist system itself.

For socialists, taxing private wealth is not enough, the key question is the ownership of wealth. To take real power over the economy, the nationalisation of big business is necessary, under democratic control by workers and poor, and in real international cooperation.

Memes and jokes have dominated social media using the image of the ship and the tiny digger — a metaphor for capitalism, lacking any genuine solutions to the ever widening range of crises it has created.

A “Strategic partnership” deal was signed between China and Iran at the end of March. It marks a further move in the increasing tensions between Chinese and US imperialism.

Here we publish the text of a document on World Perspectives discussed, amended and approved by ISA’s International Committee during a meeting from 23–26 February 2021 InternationalSocialist.net Introduction Almost four months have passed sinc...

The Australian ruling class have no solution to the problem they face. If they cut out China, they face the loss of their most important trading partner. If they engage with China, they weaken the imperialist goals of the US, and strengthen those of ...

The SNP’s commanding lead in the polls however does not reflect any real ability to do what it takes to win independence in the face of Tory obduracy, or to deliver on the issues which Scottish workers look to independence to resolve. Paul Moorhou...

Defence of democratic socialist planning a fundamental task for successful social transformation Peter Delsing, LSP/PSL (ISA in Belgium) This article is based on an introductory speech given to a commission on ‘Marxist economics — How would a pla...

Why we must fight this anti-working class trade deal Vincent Kolo, chinaworker.info On 15 November the Regional Comprehensive Economic Partnership (RCEP) was launched by fifteen governments in the Asia-Pacific region. The clear intention of the n...

weak spots and vulnerabilities built into every joint in the capitalist system. Keely Mullen　Socialist Alternative (ISA-the US) Capitalism is set up like a house of cards. Disjointed supply chains, competition for component parts, research a...