Socialist Worker

Economics


What’s the real value behind the rich’s NFT digital art fad?

What’s the real value behind the rich’s NFT digital art fad? Capitalist financial trickery has hit new lows with the development of NFTs, or “non-fungible tokens”

Letters—Now the climate change horrors are coming home

Letters—Now the climate change horrors are coming home The horrific effects of climate change have been growing for years.

Virus has created potential for boom—and bust

Virus has created potential for boom—and bust Are we heading, as some commentators claim, for another “Roaring Twenties”, like the economic boom that followed the terrible flu pandemic of 1918-19?

Covid has stirred up the labour market

Covid has stirred up the labour market The general agitation about inflation continues among the bosses

How the Corn Laws split the ruling class

How the Corn Laws split the ruling class It has been 175 years since the repeal of the Corn Laws. Isabel Ringrose explores how the bosses’ arguments over trade can open the door for working class resistance

Tories bank on Brexit divides in Ireland

Tories bank on Brexit divides in Ireland Why did the Northern Ireland protocol to the Brexit agreement between Britain and the European Union figure so large at the G7 summit in Cornwall?

Is there a ‘new cold war’ between the US and China?

14 June 2021
As US president Joe Biden goes on a mission to turn the West against China, Nick Clark investigates the competition between the capitalist states

Why Bitcoin is no game changer for capitalism

12 June 2021
Digital currencies made to be untraceable were once touted as a democratic alternative to ‘real money’. Not anymore

G7 deal will not make big businesses pay their tax

07 June 2021
Finance ministers from G7 countries gathered in London on Saturday to declare victory over corporate tax avoidance.

Letters—Profit amid Sri Lanka devastation

04 June 2021
My home land of Sri Lanka is being despoiled by people who put money first. A chemical-laden cargo ship sank off the coast near the city of Colombo last week.

What is behind the fears about inflation?

01 June 2021
One issue is dominating discussion of the major economies—inflation. This has to do with both reality and fear.

LETTERS—Halting deportations means keeping up militant response

25 May 2021
We won a massive victory over immigration deportations last week on the streets of Pollokshields in Glasgow.

Neoliberalism is alive and useful to rulers

04 May 2021
Is neoliberalism over? This is what many of its defenders are beginning to fear. Chris Giles, the economics editor of the Financial Times, recently lamented, “The left is winning the economic battle of ideas.”

Greensill scandal is still shaking establishment

20 April 2021
The Greensill Capital scandal continues to ensnare top members of the establishment.

Greensill—corruption at the heart of the system

16 April 2021
The scandal of former prime ministers joining with top civil servants to lobby the government for private sector gains grows hotter by the day. Sadie Robinson gathers what we know so far, and concludes that the problem is deeply rooted in capitalism

Financial institutions are funding climate destruction

11 April 2021
Extinction Rebellion targeted banks last week as part of a campaign against their funding for fossil fuels. Sam Ord looks at global banks’ climate failures

Suez crisis driven by pursuit of profit

30 March 2021
The Ever Given container ship was refloated on Monday. But the temporary closure of the Suez Canal showed a lot about world trade.

Secret lobbyists for rich

23 March 2021
Top politicians have conspired to help firms drain cash from government Covid-19 loan schemes—and tried to keep it secret.

Debt is rising but the rich won’t be paying

08 March 2021
Everyone is talking about debt. This is mainly because of the enormous amounts governments are borrowing to cover extra spending in responding to the pandemic.

Sunak’s budget will bring cuts, poverty and unemployment

28 February 2021
The Tories are preparing to plunge many more working class people into poverty and despair. Chancellor Rishi Sunak is under pressure to keep measures that support ordinary people in this week’s budget.

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