World News

Stock Market Freefall as Fears of Recession Mount

By Daniel Waldron The collapse on the world’s stock exchanges on 9 March was the largest since the beginning of the global capitalist crisis in 2008. The fall on the US stock market at opening time was so severe that it led to a technical trade stoppage after just five minutes. The main reason for the global stock market crashes ...

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Starbucks & Nespresso’s child labour secret exposed

A boy of ten or twelve carries a sack of coffee beans bigger than his torso up a steep hill. He stops to rub his back, grimacing in pain, then picks up the sack again and carries on. This is the true face of Starbucks and Nespresso, behind the mask of “ethical” corporate branding: children working for 40 hours a week, for about £5 per day.

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Coronavirus and Capitalism — a Lethal Mix

The novel coronavirus which causes the disease covid-19 is still spreading rapidly, with 90,000 confirmed cases and over 3,000 deaths. The epidemic is now advancing more quickly outside China than inside the country, if the Chinese regime’s official announcements are to be believed. The daily increase in infections in South Korea has overtaken those in China. The biggest overseas US ...

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COVID-19 PANDEMIC

via Chinaworker.info The COVID-19 outbreak is close to becoming a global pandemic. The WHO so far refuses to make this call, but many experts think that point has already been reached. Global capitalism is staring at a stock market meltdown (the only silver lining is Trump is mightily pissed) with $ trillions obliterated in the past five days. Many bourses have ...

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US-The (un)Democratic Party: Why We Need a New Working Class Party

By Keely Mullen, Socialist Alternative (our sister organisation in the US) When Trump was elected in 2016, a chorus of establishment Democrats from Hillary Clinton to Barack Obama to Nancy Pelosi urged ordinary Americans to “give him a chance.” Pelosi went as far as to say she “prayed for his success.” While these political leaders were welcoming Trump into the ...

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World Congress of International Socialist Alternative: Capitalism has failed, fight for a socialist future!

By Ann Orr (Irish delegate) The Twelfth World Congress of the international organisation to which the Socialist Party is affiliated took place in January 2020. It was attended by delegates and visitors from 27 countries. The Congress followed the splitting away of a minority who demonstrated a staid, conservative and dogmatic approach to tackling the challenges and seizing the opportunities ...

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Interview with a US socialist on Bernie Sanders campaign

The campaigns for US primaries are at full speed. Bernie Sanders is surging in the polls. We spoke about Bernie’s campaign and the situation in the US with Ginger Jentzen. She is a member of Socialist Alternative, our sister organisation in the US, who played an active role in the fight for a minimum wage of $15.  Hi Ginger, you ...

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The Auto Industry, Jobs and a Green Future

By Christian Bunke, Martina Gergits, Philipp Chmel, Stefan Brandl, Brettros (SLP-our sister organisation in Austria)  The automobile industry, along with the oil industry, remains the world’s largest and most dominant industrial sector. More than eight million people are directly employed by the auto manufacturers, and millions more work in connected industry. It employs hundreds of thousands of workers in Germany and ...

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Coronavirus-China’s Dictatorship Ignites Massive Backlash

“They are lying, we know they are lying. They also know that we know they are lying, and yet they are still lying.” This online comment from a resident of Wenzhou, one of several big cities locked down under an unprecedented quarantine, underlines the explosive anger being felt across China as the novel coronavirus (2019-nCov) epidemic spreads at an alarming ...

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Climate changes creates raging fires and red skies in Australia

By Gary McDonald  The current situation in Australia is a frightening glimpse of our future. The catastrophic effects of climate change that scientists have been warning about for decades are coming to fruition right before our very eyes. Beginning unusually early in September 2019, this bushfire season has marked the ushering-in of a whole new terrifying climate reality particularly for ...

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