Tag Archives: capitalism

Covid-19: from outbreak to pandemic – a chain of profiteering

By Niamh Brannelly How has COVID-19 spread so far and so fast? Catastrophes are not caused by a single event, but rather a chain of events, in this case linked to the type of society we live in where profit is put before the needs of people. The COVID-19 pandemic is no exception. This article follows this chain of events ...

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COVID-19 crisis and Italy

Guiliano Bruneti – member of the Socialist Party’s sister group in Italy, Resistenze Internazionali – spoke in an online meeting last Saturday, organised by Ruth Coppinger, and gave a firsthand account of the spread of Covid19 in Italy. He spoke of the efforts by the boss class to keep production going, particularly in manufacturing, thus jeopardising the health of workers. ...

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Capitalism and the pandemic: Why the system has failed

By Manus Lenihan Covid-19 has utterly changed the political landscape. Just one month ago, rent freezes were deemed “unconstitutional.” Today a rent freeze is in force, along with a ban on evictions. The healthcare system has been massively expanded. Private hospital beds and facilities have been (temporarily) taken into the public system. Billions have been dedicated to increasing unemployment benefits. ...

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The roots of COVID-19 & capitalist food production

By Keishia Taylor Despite massive advances in medicine, immunology, virology and technology, the new strain of coronavirus (SARS-CoV-2, causing the COVID-19 illness) is causing human devastation around the globe. This virus originated in bats, but how did a bat-borne virus from rural China cause a deadly pandemic, and what has capitalism got to do with it? Although the COVID-19 outbreak ...

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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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Green Party — Business as usual won’t stop climate catastrophe

By Laura Fitzgerald  Following the ‘Green wave’ of last May’s Local and European Election, the Green Party have had another breakthrough, winning a new high of 12 TDs, representing a plus ten seat gain. The Green Party’s ignominious recent history of participation in an austerity, bank bailout government alongside Fianna Fail was sufficiently in the past in order for 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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2020s- New decade of explosions and struggles awaits

By Cillian Gillespie The opening days of 2020 saw news reports dominated by the horrific images and footage of bushfires in Australia and the potential for a new war against Iran. This new year and decade we have entered promises a continuation of the international turmoil, crises and instability, resulting in further hardship and misery for the majority of our ...

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Shortages and expensive prices. Medicines and vaccines: the market makes us sick!

This article by a trade union shop-steward in a major pharmaceutical company was first published in Lutte Socialiste/De Linkse Socialist, monthly paper of PSL/LSP – our sister organisation in Belgium. In recent weeks, a number of scandals connected to the pharmaceutical sector have broken out. Firstly, over the very high treatment costs for a sick baby, in response to which ...

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Review: People’s Republic of Walmart

People’s Republic of Walmart: How the World’s Biggest Corporations Are Laying the Foundation for Socialism By Leigh Phillips and Michal Rozworski Verso Books, 2019 Among the most common arguments conservatives hurl at socialism is that planned economies always fail. Typically capitalists argue that, despite the flaws of the free market, it’s far better than any other system that has existed ...

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