Socialist Worker

Economics


Internationalism matters

28 April 2020
When the working class is faced with global crises, an internationalist response is needed. The coronavirus outbreak is clearly one such crisis.

Who will pay for the crisis now?

25 April 2020
A global pandemic has exposed just how fragile the world economy already was. Tomáš Tengely-Evans examines why capitalism constantly creates economic crises

Oil prices becoming ‘negative’ is a sign of more financial chaos to come

21 April 2020
On Monday night the price of West Texas Intermediate oil, used as a benchmark in oil pricing, plunged by over 300 percent to almost minus $40 dollars a barrel.

Big business still able to give handouts to the rich in pandemic

16 April 2020
Don’t listen to bosses bleating about corporate hardship, they are still preparing to deliver tens of billions of pounds in dividends to shareholders.

Uncertainty for workers as Debenhams unable to pay debts

06 April 2020
 More than 20,000 workers at Debenhams fear for their jobs after the company began its third insolvency process in a year on Monday.

Lockdown policies hit the Global South

06 April 2020
There’s an old cliche about the economy falling off a cliff. This time it really has, all over the world.

The ‘national interest’ is not the interest of workers

22 March 2020
During times of turmoil, the ruling class will tell us to come together. Behind this is the drive to keep making profits writes Nick Clark

Workers must not pay for the corona crash

10 March 2020
Bosses must not be allowed to make ordinary people pay for coronavirus or the chaos in the financial markets.

Lebanon debt default sparks IMF fear

10 March 2020
Lebanon defaulted on a foreign debt payment for the first time in its history this week.

Bosses’ virus fears are only for profits

09 March 2020
“New data paint grim picture of coronavirus fallout,” read a headline in the Financial Times newspaper last week. My heart sank when I saw it. But when I anxiously scanned the article, it wasn’t about the spread of the coronavirus or the deaths it is causing.

Tories’ freeports are bad news for workers

09 March 2020
Sarah Bates looks at how the Tory promise of new deregulated ‘freeports’ will benefit big business, not workers

Politicians and billionaires strike dodgy deals at Davos

20 January 2020
Billionaire bosses, politicians and celebrities descended on Davos in Switzerland this week for the annual World Economic Forum (WEF).

Build the resistance as risk of recession grows

10 December 2019
News from the German economy last week sent a shiver through bosses across Europe.

Economic slowdown shows up the weakness of the system

13 August 2019
Britain’s economy contracted for the first time in seven years during the second quarter of 2019.

Pound zig-zags are due to Europe crisis

30 July 2019
The pound rose on the foreign exchange markets last week after Boris Johnson became the new prime minister. Alex Callinicos looks at why.

The IMF - a brutal loan shark for capital

09 July 2019
Pakistan’s government has raised gas prices by 200 percent less than a year after it was elected promising to “eradicate poverty”.

City bosses fear crisis as Woodford investment fund falters

08 June 2019
The near-collapse of an investment fund is sending shudders through the City of London - but it could also affect ordinary people

Can growth be good?

21 May 2019
Growth is central to capitalism, but the expansion of production can be organised to protect people and the planet if it is coupled with radical change, argues Simon Basketter

Another accounting scam

02 April 2019
Over a quarter of audits carried out by the major accountancy firms don’t meet the standards of the accountancy regulator.

Does money make the world go round?

12 March 2019
In the past few weeks discussion of the obscure economic school is Modern Monetory Theory has gone viral

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