Tag Archives: capitalism

Review: The New Corporation — the Unfortunately Necessary Sequel

By Martin LeBrun (our sister organisation in Canada) The 2003 film The Corporation explored the question “if a corporation is a person, what kind of person is it?” The film’s answer, in one of the best documentaries condemning corporations and capitalism, was that corporations are psychopaths. Psychopathy manifests itself in superficial charm, a grandiose sense of self-worth, a manipulative personality, pathological lying, ...

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Sarah Everard – Never again: Fight for an end to gender-based violence

By Sue Berry and Danni Crowter (Socialist Alternative- our sister organisation in England, Wales and Scotland) The murder of Sarah Everard is a tragedy – for her family and friends, the local community, and for all who oppose oppression and violence. Socialist Alternative sends sympathies and solidarity to all who knew Sarah, and all who are reeling from the revelations ...

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The Davy scandal & the parasitic financial system

A new scandal has hit Ireland’s golden circle, this time involving the largest stockbroking firm in the state, Davy. The company has been fined €4.13 million by the Central Bank after it emerged that senior members of the company engaged in what amounts to insider trading.  This involves information being acquired via one’s position in a company to personally enrich ...

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Wall Street mayhem: GameStop & the short squeeze

By Bryce Callaway, Socialist Alternative (our sister organisation in the US) The ruling class and its corporate media have always tried to convince working people that if the stock market is doing well, so are you. The year 2020 starkly revealed, amongst many other issues about our society under capitalism, that this was a complete lie. While working people lost ...

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Stock market gambling & GameStop: The billionaires own the casino

By Conor Tormey The price of shares for GameStop went up 700% in the past week due to what people have called a “bloodbath” with small investors, organised through a subgroup on Reddit, going against a Wall Street hedge fund’s prediction that the GameStop stock would fall.  GameStop has had massive losses in the past few years with the rise ...

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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 ...

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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 ...

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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, 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 ...

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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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