Tag Archives: crisis

Historic government coalition faces crises and class war

By Mick Barry TD “The country was very united during the pandemic. The economic crisis that is coming could be very divisive” – Leo Varadkar June 30.  140 days after the General Election a new government was formed in the Republic of Ireland on 27 June. The Government is made up of the two traditional right-wing parties Fianna Fáil (FF) ...

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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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1930s Great Depression & global crisis today

“The shock to the global economy from COVID-19 has been both faster and more severe than… even the Great Depression.” That comment by economist Nouriel Roubini on 24th March indicates the growing possibility of global events entering an entirely new period. One way to prepare is to study and draw lessons from the 1930s. By Per-Ake Westerlund, Rättvisepartiet Socialisterna (our ...

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Britain: After the Brexit referendum

By Hannah Sell, Socialist Party deputy general secretary Tories Out! General election now! Fight for a 24 hour general strike “The referendum result may well go down in history as the pitchfork moment”, declared the Financial Times (FT), wailing the anger and despair of Britain’s elite at the decision by the majority of voters in Britain to leave the European ...

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