Tag Archives: capitalism

World economy scarred by Covid-19: IMF downgrades forecasts

By Manus Lenihan Covid-19 has hit the world economy even worse than expected, according to a report from the International Monetary Fund (IMF) released this month. In countries where Covid-19 is relatively under control, economic recovery is proving slower than expected. Capitalists are not investing, and are reconfiguring their supply chains so that another shock like this doesn’t hit them ...

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The Role of the Working Class in Fighting Racism

By Keely Mullen Two nights after George Floyd was murdered, Minneapolis bus drivers received an urgent request for a fleet of buses at the corner of 26th Street and Hiawatha Avenue in South Minneapolis. The request came from the Minneapolis Police Department (MPD) who were gearing up for mass arrests at a Black Lives Matter protest and intended to use ...

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Covid-19: Capitalism Rushes to Re-Open as Pandemic Grows

By Bill Hopwood, ISA Canada Around the world, countries are lifting the restrictions that were introduced to contain the COVID-19 pandemic. People are being allowed to leave their homes, and workplaces, cafes and stores are re-opening. The sharp closures of society and the economy were needed to reduce the level of infection and death from the virus, only because of ...

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US: Socialists and the state — how to end racist policing

The nature of policing in the United States is inseparable from the violent, racist history of capitalism in this country. From slave patrols; to Bull Connor’s unleashing dogs and fire hoses against black protesters in Montgomery during the Civil Rights movement; to the police lynchings in black communities today; there is a consistent thread. Police and state repression has also ...

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US: Minneapolis Council Makes Big Promises in Response to Rebellion

By Socialist Alternative (our sister organisation in the US) Two weeks after the dawn of a working-class rebellion, led by young people of color, shook the political establishment to its core, there is a growing discussion about where the movement should go from here. Because of the strength of the movement, the same Democratic Party politicians who presided over the ...

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Black Lives Matter in the North: Hypocrisy of Politicians and Police

By Daniel Waldron On Saturday, June 6, thousands of people gathered at Black Lives Matter rallies in Belfast and Derry. They did so to stand in solidarity with the revolt taking place across the US in the wake of the horrific and racist murder of George Floyd by police in Minneapolis, but also in opposition to racism at home. Rightly, ...

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Billionaires profit from a pandemic!

By Haritha Olaganathan US billionaires saw their collective wealth increase by $282 billion in the first twenty-three days of lockdown. Facebook’s CEO Mark Zuckerberg is the biggest financial reaper, as shares in the social media company have surged by almost 60% over the past two months. Another profiteer includes CEO of Amazon Jeff Bezos, whose wealth has increased by $25 ...

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North: Meat workers take action to defend public health

by Daniel Waldron “If the disease was in the animals, they’d have closed the place. But for workers, the factories can do what they want.” – Worker in an Irish meat factory, speaking to The Guardian Even at the best of times, working in meat processing can be tough. It is physically demanding, repetitive and, for many, unpleasant by nature. ...

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Covid-19 crisis and the ideology of individualism

By Dan O’Rourke Before the pandemic, it would have been difficult for many to imagine neo-liberal and right-wing governments nationalising failing industries, freezing rents, and the partial (and temporary) lifting of austerity. Before the pandemic, essential workers were “unskilled”. Before the pandemic, we were told by capitalist commentators that it was common sense that people are individualistic and selfish, thus ...

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Covid-19, Disaster Capitalism & the Urgent Case for Socialism

By Eddie McCabe & Keishia Taylor, from the Summer 2020 edition of Socialist Alternative, the political journal of the Socialist Party. Capitalism must go. Virtually everything about the world today screams this. Take for example that in the midst of a global pandemic, when 1.6 billion people are in “immediate danger of having their livelihoods destroyed”, according to the International ...

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