Here we post a video of a speech by Lynn Walsh, editor of Socialism Today (political journal of the Socialist Party, England & Wales) on the crisis in the world economy and international perspectives. An article dealing with some of these themes in more detail will be included in the new edition of the Socialist
Lynn Walsh: A world in crisis from Stephan Kimmerle on Vimeo.
The nationalisation of Anglo Irish Bank is an indication of the abject failure of the Fianna Fail and Green government to deal with the banking crisis, but also that the crisis has reached a new and dangerous level. In the wake of the nationalisation, the shares of the two main banks, Allied Irish Bank (AIB) and Bank of Ireland (B of I), plummeted.
The Budget will, if the Government gets its way, mark the first of four where working people, the unemployed and those who depend on public services will be crucified over an economic crash they did not cause. The palpable anger this is causing in society generally can be seen in the threat by the Garda Representative Association to ballot for industrial action.
Mortgages should be immediately re-assessed and reduced. Commenting on the “Negative equity in the Irish Housing Market” report from the ESRI, Joe Higgins MEP said...
The innocuously named An Bord Snip Nua report which has just been published contains a menu of vicious cutbacks and job losses aimed at working people, the unemployed and their families.
