World News

Interview with a Greek socialist: Which way forward for the left in Greece?

Below is an interview with Andros Payiatsos from Xekinima, the sister organisation of the Socialist Party in Greece given in the aftermath of the capitulation of the Tsipras government to the demands of the Troika: What is the mood amongst Greek workers and youth? Immediately after Tsipras signed the memorandum, which we had anticipated, because he had been making one concession ...

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Britain: Right wing rattled by Jeremy Corbyn

“Jeremy Corbyn ‘on course to come top’ in the Labour leadership election” declared the New Statesman on 15 July, 2015. Following leaked polling which suggested that Corbyn was ahead of all three of his Blairite rivals, the Daily Telegraph published an article on how its readers could ‘doom’ Labour by paying the nominal £3 fee to become a Labour supporter ...

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One year on from massacre: End the siege of Gaza

By Cillian Gillespie Last summer we watched in horror and disgust as the Israeli state launched yet another murderous assault on the besieged people of Gaza; a population of 1.8 million living in the world’s largest open air prison. “Mowing the lawn in Gaza” Statistics can’t give us a full sense of the scale of horror and human suffering visited ...

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Why Syriza capitulated & the alternative road of “rupture”

By Paul Murphy TD The Syriza leadership has led the Greek working class to a significant defeat, signing up to more vicious austerity, effective colonial status and potentially demoralising significant numbers. This defeat is rooted in their reformist strategy – their belief that without breaking from capitalism, they could break from the austerity programmes pushed by the Troika. Particularly in ...

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Is China’s stock market bubble bursting?

In the last number of weeks $3.2 trillion has been wiped off the value of China’s shares. The following article, written by an author for chinaworker.info at the beginning of July, looks at the reasons behind this tumble in share prices. “Before leaving the world, I wish to say I concede defeat. With capital of 1.7 million yuan and four-times ...

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Oxi!-No to austerity and Troika tyranny in Greece

Events in Greece have thrown the entire Eurozone into crisis and threaten its very existence. Greek banks were closed on Monday after the European Central Bank (ECB) stopped the liquidity lifeline that kept Greek banks afloat during months-long run on deposits. As of the time of publication, it is in the balance whether Greece’s latest debt payment due to the ...

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Qatar: World cup of corruption and exploitation

By Paddy Meehan Sepp Blatter’s decision to resign as FIFA President didn’t come as a result of the horrifying conditions migrant workers face in building the new stadiums in Qatar, but as a final attempt to save the corrupt elite at the top of the federation. A number of the voting members of the selection committee for the 2018 and ...

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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 ...

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