As the lockdown lifts, fears are mounting of a second wave. Despite the government’s announcement of economic stimulus, the working class faces a tsunami of austerity and attacks. The labour movement must fight back.

The capitalists and the stock markets were breathing a sigh of relief as new economic figures showed a slowing of the rate of the decline in the world economy. However, none of the problems have been resolved and the inevitable uptick after the easing of lockdown will not alter the prospect of a deep economic, social and political crisis.

It is a well-known fact that accident can play a considerable role in both history and the lives of individuals. In the course of my life I have observed many accidents and extraordinary coincidences. But I have never experienced such a unique and unforeseeable concatenation of circumstances as that which I am about to relate here.

In the year 2000 we published this article by Leon Trotsky on capitalist development. The purpose then was to underline the fact that although capitalism was experiencing a boom, the period we had entered was actually one of overall capitalist decline. As we explained in the introduction “Rather than a new upswing, capitalism is heading for a new slump and a downward curve of development similar to the interwar period.” This was confirmed by the 2008 financial crisis and subsequent events. We are republishing it as an aid to understanding the period we have been through and where we are going.

To mark the centenary of the Russian Revolution, we present this original documentary celebrating the life and accomplishments of one of the revolution’s main leaders: Leon Trotsky.

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