Tag Archives: capitalism

Global economy: With capitalism in unprecedented crisis, socialism is the answer

By John Hird (Socialismo Revolucionario — our sister organsiation in Spanish State) The recent avalanche of articles reporting the pronouncements of the pillars of capitalist rule such as the IMF, World Bank and EU in the financial press regarding the economic and social consequences of the Covid-19 crisis, indicate we are at an important conjuncture. The extraordinary economic measures being ...

Read More »

Why the 1% are to blame for climate breakdown

By Sam Belton The word ‘crisis’ has by now become synonymous with the year 2020. It has been punctuated by highly broadcasted events such as the the US drone-killing of a top Iranian general, the apocalyptic Australian bushfires, the ongoing Covid-19 pandemic, intensified trade wars between the US and China, an unprecedented economic crash, and explosive uprisings against police brutality ...

Read More »

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 ...

Read More »

The role of the working class in fighting racism

By Keely Mullen, Socialist Alternative USA 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 ...

Read More »

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 ...

Read More »

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

By Tom Crean, Socialist Alternative USA 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. ...

Read More »

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 ...

Read More »

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, ...

Read More »

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 ...

Read More »

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. ...

Read More »