Economy

Budget 2021: Corporate welfare over public need

By Finghin Kelly Budget 2021 has been heralded as the biggest in the state’s history. After a decade of austerity and balanced budgets, this does represent a certain turn away from those policies. This is in line with capitalist governments around the world who are boosting state spending in order to save capitalism – not just from the effects of ...

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Capitalism & Covid-19: A socialist response to the economic crisis

By Katia Hancke The scale of the disaster working-class people on this island face is becoming clearer by the day. While the problems are mounting, the political establishment seems rudderless in coming up with a consistent response. An unprecedented economic recession means that just under 360,000 are unemployed and in many sectors of the economy more jobs are at risk ...

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A tale of two Covid crises – billionaire bailouts & bupkis

By Mike Murphy We’re all in this together apparently. But, like a ship that’s taking on water after a frontal collision, only one end of the vessel is going under; the other end is ascending. The Covid-19 pandemic is very much upon us, and we are all well aware of the strong economic implications. The World Bank predicted in June ...

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Capitalism: Burning the planet for profit

By Keishia Taylor Who causes the climate crisis? Twenty five companies are responsible for more than half of the entire world’s greenhouse gas emissions since 1988! In a greenwashing frenzy, companies are falling over themselves to create an image of sustainability and tackling climate change, while acting in the interests of profit, not our planet. We need to take the ...

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Free public transport – not BusConnects

By Kieran Mahon With the overdue second round of proposed Bus Connects route changes due out in September the emphasis will again come on workers and communities to organise and defend jobs and public transport services. The initial Bus Connects proposals received short shrift in working-class communities across Dublin. It was correctly identified as a fast track to more privatisations, ...

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Can the US and China end their trade war?

Trump’s “easy to win” trade war drags on despite intensive efforts to make a deal The US-China trade war began in July 2018, with the imposition of tariffs on Chinese imports by President Trump’s government and immediate tit-for-tat retaliation by China. This is the biggest trade war since the 1930s and is increasingly taking its toll on the global economy. ...

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Damning report on inequality

By Diana O’Dwyer A new report by TASC shows that Ireland has the worst ‘market income’ inequality in the EU before tax and social welfare. – The top one percent of households receive ten percent of wages, profits and rents, or €373,000 on average. – The top ten percent receive a third of market income and own 42-58% of wealth. ...

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