Tag Archives: Socialism

Irish Sea border threatens political instability

By Daniel Waldron As part of the Brexit process, the Northern Ireland Protocol – which came into force on 1st January – has put a regulatory border down the Irish Sea, as the North remains aligned to the EU single market for goods. The level of disruption to supply chains has been more dramatic than most predicted. This may partially ...

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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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Gulf Stream slowing down – a tipping point in climate breakdown

By Sam Belton Climate change is becoming less and less of a gradual, linear process. Rather, the rate of increase in extreme weather events is becoming increasingly exponential. This can be explained by climate feedback loops. For example, rising temperatures resulting from CO2 emissions from industrial processes cause drier climates. This increases the frequency of forest fires, which in turn ...

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Bitcoin frenzy: How capitalism is fuelling another bubble

By Manus Lenihan The stock markets took a battering when Covid first hit in early 2020, but governments pumped them full of trillions in stimulus money. Thanks to this, Wall Street has swung wildly from a deep crisis to a series of absurd bubbles. Tesla has grown incredibly bloated and volatile, and it’s not the only one. “The entire thing ...

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Review: Judas and The Black Messiah

“During the lifetime of great revolutionaries, the oppressing classes constantly hounded them, received their theories with the most savage malice, the most furious hatred, and the most unscrupulous campaigns of lies and slander. After their deaths, attempts are made to convert them into harmless icons, to canonize them…” – Lenin, State and Revolution Two years ago, we commemorated the 50th ...

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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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Virtual Marxist University ISA holds biggest ever international gathering

Below is a report from the Virtual Marxist University hosted by International Socialist Alternative (ISA). The Socialist Party is the Irish section of ISA. Report by Anna Barnett from Socialist Alternative, our sister organisation in the US. Over 1,500 ISA members and supporters from 39 countries attended the second ever Virtual Marxist University (VMU) last weekend. The event focused on ...

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US- Kshama Solidarity campaign launched to oppose right wing recall

Article by a member of Socialist Alternative, our sister organisation in the US, about attempts by big business and the right wing to remove our Seattle City Council member, Kshama Sawant, from office. This is a serious attack on the left both in the US and globally, Kshama and Socialist Alternative have led major battles that have resulted in important ...

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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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Trump in Trouble and Biden in Hiding: 2020 Presidential Elections

From Socialist Alternative – the Socialist Party’s US sister section 2020 is not the election year that anyone expected. Presidential election politics are now utterly intertwined with the global pandemic that has killed nearly 165,000 people in the U.S. as of this writing and has completely altered life for most of the population. From the very beginning, Trump has not ...

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