Socialist Worker

Economics


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.

Hong Kong protests - lighting the fuse?

07 October 2014
The movement in Hong Kong has the potential to light the tinder box in China. Sally Kincaid looks at its relationship to mainland China and what this crisis could mean for its rulers

Corporate inversions are a whopper of a tax wheeze that's totally bananas

23 September 2014
Why has Burger King turned Canadian and Ireland become the world's biggest banana producer?

Scotland's currency row masks ruling class fears of independence

12 August 2014
The British ruling class are trying to scare voters away from a yes vote by raising questions over a future Scottish currency.

As the rich enjoy housing bubble, the poor see no recovery

08 July 2014
Firms aren’t investing because they don’t expect a big enough profit to make it worthwhile. So they’re relying on lower wages and a property boom instead, writes Alex Callinicos.

Why Karl Marx remains relevant - Deciphering Capital by Alex Callinicos

08 July 2014
Alex Callinicos’s new book Deciphering Capital argues that Karl Marx’s main work is still vital to understand how to change the world, writes Mark L Thomas

FT's attack on Piketty is not about numbers

03 June 2014
The fact that Thomas Piketty has been able to brush off Chris Giles’s demolition job in the FT so easily is a sign that, thanks to the crisis, a lot of people also believe that rising inequality doesn’t arise from bad policies but from the structural logic of capitalism as a system, argues Alex Callinicos

Far right feeds from eurozone depression

20 May 2014
Alex Callinicos considers how the recovery of the eurozone is not quite the success our complacent rulers believe

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