How can working-class people fight the effects of the worst economic crisis since the 1930s? Mass lay-offs are already a feature in the major capitalist countries and around the world. The bosses and their governments are on the offensive to ...
Read More »Pakistan – Can it survive as one state?
The 2008 meeting of the International Executive Committee (IEC) of the Committee for a Workers’ International is taking place this week in Belgium. Representatives from 28 countries in Europe, Asia, Africa, Latin America and the USA are at this important ...
Read More »Pakistani economy on the brink. The economic tsunami hits the masses hard
The Pakistani economy is facing its worst crisis in a decade, with massive trade and budget deficits, plunging foreign currency reserves and investments, a severe energy crisis, super inflation and capital flight. According to senior economist Qaisar Bengali, “we are ...
Read More »Financial and economic crisis: video interview with Peter Taaffe
Video interview with Peter Taaffe, General Secretary of the Socialist Party, cwi in England and Wales.
Read More »World Economy. Wall Street Crash 2008. Global Capitalism in Crisis
By any standards, Monday 29 September was a bad day for world capitalism. News that the US Congress had voted down the $700 billion bail out, despite Treasury Secretary Henry Paulson having pleaded for it literally “on bended knee”, sent ...
Read More »Stock market mayhem – What is happening to global capitalism?
”The markets have gone crazy” – this comment was heard on stock trading floors around the world after two days of total mayhem. ”The financial system is in terrible shape, and no one knows where this will end,” a financial ...
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