World News

Top 50 US companies hoarding $1 trillion in cash

By Manus Lenihan The fifty biggest companies in the United States are sitting on piles of money adding up to $1.1 trillion. Apple, Microsoft, Google, Pfizer and Cisco alone have $439 billion between them (Financial Times). Like dragons sprawled watchfully dozing over heaps of gold, these gigantic corporations would fly into a rage over any plans to nationalise or raise ...

Read More »

Greece: Subordination to Troika or rupture with austerity?

Statement by Xekinima, sister organisation of the Socialist Party in Greece The Greek picture is becoming clearer and clearer. We are now in May, the fourth month of the new SYRIZA-led government’s term, and the result of the so-called “negotiations” with the Troika is zero! The position taken by the so-called “European partners” is not only unacceptable, but it’s also malicious ...

Read More »

Deaths in Lampadusa: “Systematic Slaughter”

By Kevin Henry The recent deaths of more than 800 people who drowned when a small fishing boat capsized near the Italian island of Lampedusa shocked people across Europe. This brings the death toll of immigrants from north Africa attempting to reach Europe by boat in 2015 alone to 1,600. Last year, around 170,000 migrants crossed the Mediterranean to get ...

Read More »

Why you should be a socialist

The following article was written by members of Socialist Alternative, the sister organisation of the Socialist Party in the US. We have been to the forefront in the struggle for the fight $15 an hour and in November 2013 SA member Kshama Sawant was elected as council member in Seattle receiving 95,000 votes. 1. We are helping lead the fight back ...

Read More »

Israel: Netanyahu mobilises far right to win election

By Yasha Marmer, Socialist Struggle Movement (Sister organisation of the Socialist Party in Israel-Palestine) “The rule of the right-wing is in danger. Arab voters are heading to the polling stations en masse. Left-wing NGOs are bringing them in buses”. This bluntly racist statement was published during polling day by no other than Israel’s prime minister Benjamin Netanyahu. The statement was a peak ...

Read More »

TTIP: A charter to increase corporate power

By Manus Lenihan Imagine if working class people in Ireland forced the government to abolish water charges and bring the water services under public control again. Imagine if, in the meantime, various multinational corporations had come in and taken over parts of the water services for themselves. Protecting corporate profits Under the Transatlantic Trade and Investment Partnership (TTIP), these companies ...

Read More »

Lessons from Greece – how can the Troika be defeated?

By Paul Murphy TD No sooner had the Greek people decisively voted to end austerity, than the European establishment moved to annul the election results. The key demands upon which Syriza was elected – the kicking out of the Troika, a European debt conference to reduce the debt burden and a lifting of austerity – were dismissed. European capitalism bears ...

Read More »

How can the struggle for Palestinian national liberation be won?

Over the past few weeks billboards have appeared on buses and bus stops across Dublin calling for the Irish government to recognise an independent Palestine. The following article, written by Judy Beishon (a Socialist Party member in England and Wales) in May 2013, gives a comprehensive socialist analysis as to how the struggle for Palestinian national liberation can be won. The US Secretary ...

Read More »

Eurozone time-bomb

By Lynn Walsh, article from Socialism Today Mired in recession, the eurozone is haunted by the spectre of stagnation. Quantitative easing will not provide a magic solution. The election of a Syriza government on an anti-austerity programme has raised the possibility of a showdown with the leaders of German capitalism and their allies. An explosion is being prepared, however long ...

Read More »