As Adam Booth explains in this article, serious bourgeois economists can see a new world economic slump coming, which they have no way of averting, having already used all the traditional measures they would have adopted in the past, lowering interest rates, credit, etc. In these conditions any important event, such as a Greek default […]
Read MoreThe latest provocative demands and ultimatums placed by the troika on the Greek government have one clear aim: to destroy it. They cannot be interpreted in any other way and all the pieces of the puzzle are now falling together.
Read MoreAt the last minute, when it seemed that a break was inevitable, the Greek government made a new proposal which included substantial additional concessions to the demands of Europe’s bankers and capitalists. It is not only that the Syriza government has been forced to abandon substantial points of its own election program, but even the […]
Read MoreThe Battle of Waterloo – 200 years ago, on 18th June 1815 – was the last great event that marked the end of that great historical process that was begun in 1789 by the Great French Revolution. With the defeat of Napoleon, the last flickering embers of the fires lit by revolutionary France were extinguished. A […]
Read MoreRecent comments by South Africa’s most powerful business tycoon, Johann Rupert, gives interesting and penetrating insights into the current state of mind of the bourgeoisie. Rupert is clearly very disturbed by the current state of affairs, even admitting that they are keeping him awake at night.
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Jeremy Corbyn, the left wing Labour MP, has got on the ballot paper for Labour leader. This is a remarkable and welcome turn of events, despite being achieved by the slimmest of margins.
Read MoreIn a highly significant event, delegates to the 15th National Congress of the National Union of Mineworkers (NUM) have voted to remove the incumbent general secretary, Frans Baleni and replace him with a clear left wing candidate, David Sipunzi. The result, which came as shock to many, is a heavy blow to the class collaborationist […]
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We live in a time when the whole establishment is not only corrupt and rotten to the core but is seen as such by a large section of the working class, both in Britain and throughout the rest of the world. Bankers and financiers are manipulating the markets for short-term gain; politicians are pocketing whatever […]
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Alongside the shock of a Tory majority, the other big story of the General Election results was that of Labour’s collapse in Scotland to the SNP. With the Nationalists very nearly sweeping the board with 56 out of 59 seats, it more than negated any small increase in votes Labour got in England and Wales.
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Irish voters have decisively voted in favour of marriage equality, making Ireland the first country to do so through the ballot box. This was a victory of the future against the past, of the young against the old, of reason against ignorance, of the forward-looking urban areas against the old backward rural Ireland.
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