Socialist Worker

Economics


We should not pay for the pound’s fall in value

11 October 2016
Currency markets reacted to Brexit with a fall in the pound, as bosses make us pay for their system’s chaos

Theresa May shifts to the right—but makes new enemies

11 October 2016
Theresa May used last week’s Tory conference in Birmingham to shift her party and her government sharply to the right.

Tories backtrack on deficit but are still out to line the bosses’ pockets

04 October 2016
Chancellor Philip Hammond confirmed a “reset” of Tory economic policy in his speech on Monday, ditching any timetable for eliminating Britain’s deficit.

Bank of England’s desperate measures won’t stop turmoil

09 August 2016
The Bank of England is fighting to avert a new recession by throwing billions of pounds at the City of London.

Crises force cracks in neoliberal agenda

31 May 2016
Is the Pope still a Catholic? This is the question provoked by a new article by three International Monetary Fund (IMF) economists

Would leaving the EU really cause a recession?

27 May 2016
Remain campaigners threaten mass job losses if Britain leaves the EU. But the bosses’ club won’t save us, says Sadie Robinson

Radical rhetoric from Labour leaders - but it has its limits

24 May 2016
Shadow chancellor John McDonnell has pledged that the next Labour government “would surpass even the 1945 Clement Attlee government for radical reform”.

Are robots taking all our jobs?

17 May 2016
As robots begin to do more of the jobs traditionally done by people, Tomáš Tengely-Evans asks if the relationship between worker and machine has fundamentally changed

Panama Papers scandal shows how capitalism works - we need to get rid of it

05 April 2016
Politicians who insist there’s no money for wages, pensions, benefits or public services had their secret hoards exposed this week.

Defy the logic of capitalism to save steel jobs

05 April 2016
The Tata steel workers threaten to be the latest case in which the brutal logic of capital destroys industries and working class communities. We’ve seen it again and again in the past 35 years—the miners under Margaret Thatcher and John Major, and the Luton and Longbridge car workers under Tony Blair and Gordon Brown.

Osborne's budget means cuts for the poor and handouts for the rich

18 March 2016
Cuts to taxes on corporate profits are being paid for by taking money from ordinary people

Osborne's budget spells out pain for ordinary people

16 March 2016
 Chancellor George Osborne has unveiled a tax giveaway for the rich, more cuts for the poor, and an admission that his economic strategy is in trouble.

What would anti-austerity economics look like?

01 March 2016
Dave Sewell looks at alternatives to the policy of cuts, and asks whether Labour’s plans go far enough

Turmoil shows up problems for the 'recovery'

26 January 2016
Since the start of the year the stock markets have been going crazy. At one point global share prices were 20 percent below the high they reached last year. Some £2.8 trillion was wiped off shares.

Are we heading for another world economic slump?

15 January 2016
Across the world stock markets and commodity prices are tumbling. Those in the ruling class who gloated about “recovery” last year now warn that the global economy could crash again. Some blame it on oil prices, others on China’s slump – Socialist Worker sorts the fact from the fantasy

British economy on the slide: “Sell everything” says bank

13 January 2016
British manufacturing is in recession, undermining chancellor George Osborne’s forecasts of steady economic growth.

Capitalism is teetering on the edge of crisis

05 January 2016
The New Year began with a new shock to global stock markets. For the first time ever, all of China’s main stock exchanges had to use emergency measures to halt trading after shares plummeted on Monday of this week.

Amazon Unwrapped

15 December 2015
Simon Basketter looks behind the spin of the giant online retailer to examine how it expands by exploiting workers—and what really drives it

What’s so bad about ‘deficit denial’ anyway?

20 October 2015
George Osborne and John McDonnell have different strategies for eliminating the deficit. But Nick Clark argues for a bolder approach

The 'China dream' is rapidly falling apart

08 September 2015
It's been a dramatic summer—Greece, the European refugee crisis, Jeremy Corbyn. But the big story for the world economy has been the collapse of the Chinese stock market. Since peaking in June, falling share prices have wiped £3 trillion off its value.

Mobile users! Don't forget to add Socialist Worker to your home screen.