Socialist Worker

Economics


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.

We need to get rid of their bankrupt system

25 August 2015
The panic that spread through financial markets at the start of this week exposed the volatility of the system (see page 3).  For all the talk of “recovery” capitalism is fragile.

Markets in turmoil expose myth of economic recovery

25 August 2015
Global financial markets were in turmoil this week after China’s stock market suffered its biggest one-day plunge since 2007. The crisis has been dubbed “Black Monday”. 

Postcapitalism - Will the system die a natural death?

04 August 2015
Journalist Paul Mason's new book claims that a “post-capitalist” world can emerge without the need for a workers’ revolution—but his arguments don’t stack up, argues Dave Sewell

‘Uncle Xi’s bull market’ is collapsing in China

15 July 2015
Sally Kincaid looks at the causes of China’s stock market crash and how it terrifies the country’s workers and rulers for different reasons

Why Ukraine gets an easy ride over debt

02 June 2015
You may not have noticed, but Greece isn’t the only country that is engaged in difficult negotiations about its foreign debt. Ukraine is too.

Can we buck the market?

05 May 2015
We’re told that market forces run the world, and can’t be beaten even when they fail us. But Tomáš Tengely-Evans argues that a better way is both necessary and possible

Make the rich pay

03 March 2015
There's no need for austerity - and we have the numbers to prove it

Greek workers shouldn’t pay the bankers’ debts

03 February 2015
People in Greece are furious that austerity is being imposed on them in exchange for bailouts of the government’s debt to the bankers.

World leaders trade hot air as a new economic crisis looms

18 November 2014
World leaders shook hands a lot last week, with the G20 summit in Brisbane, Australia, and the Asia Pacific Economic Cooperation (Apec) conference in Beijing, China.

Our rulers fear a new economic crisis after new market upheaval

21 October 2014
The upheaval in the global financial markets last week raised the spectre of a new crisis. It was also proof that the old one is still sending shudders through the system.

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