Socialist Worker

Economics


Why Bitcoin is no game changer for capitalism

Why Bitcoin is no game changer for capitalism 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

G7 deal will not make big businesses pay their tax Finance ministers from G7 countries gathered in London on Saturday to declare victory over corporate tax avoidance.

Letters—Profit amid Sri Lanka devastation

Letters—Profit amid Sri Lanka devastation 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?

What is behind the fears about inflation? 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

LETTERS—Halting deportations means keeping up militant response We won a massive victory over immigration deportations last week on the streets of Pollokshields in Glasgow.

Neoliberalism is alive and useful to rulers

Neoliberalism is alive and useful to rulers 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.

Rosa Luxemburg—reform is not enough

27 February 2021
Rosa Luxemburg, born 150 years ago this week, fought reformist ideas to argue for revolution. Isabel Ringrose looks at what her economic writings contributed to Marxist ideas

The Tories put lives at risk to boost economy

23 February 2021
At least 30,000 more people will have died from Covid-19 because of the end of lockdown measures—and that’s if everything goes better than expected.

Unions must fight for pay as inflation threat looms

19 February 2021
Working class people’s living standards could take a further hit with warnings that inflation could rise above 2 percent.

Keir Starmer speech shows he has not broken with the bosses

18 February 2021
Labour leader Keir Starmer seemed to offer a change from “business as usual” in a speech on Thursday billed as a significant break from Tory politics.

Is the City losing its financial domination?

16 February 2021
Is world history going into reverse? The great historian Fernand Braudel argued that the modern capitalist world economy always has had a city at its centre, starting in the later Middle Ages with Venice.

GameStop—war on Wall Street or more capitalist profiteering?

01 February 2021
Fat cats lost out after Reddit users bought up shares in a failing firm, but gambling on the stock market offers nothing to ordinary people, say Isabel Ringrose and Simon Basketter

Jobs slaughter shows up the chaos of capitalism

26 January 2021
Unemployment figures on Tuesday showed the continuing jobs slaughter.

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