Socialist Worker

Economics


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.

Stock market booms as economy suffers

19 January 2021
The most bizarre single feature of capitalism is probably the stock market. It seems to have the ability to defy mere economic reality.

Covid-19 hasn’t stopped capitalism from changing

05 January 2021
For many of us—especially those lucky enough not to have caught Covid-19—the past year has been as if our lives have been put on hold.

Bosses enjoy soaring salaries while workers scrape by on paltry pay, new report shows

17 December 2020
It found bosses at top companies earn on average 100 times that of their lowest-paid workers.

A wealth tax could generate billions but the Tories attack working people instead

10 December 2020
Instead of attacking working class people and key services, vast amounts of money could be raised by taxing the rich.

The pandemic, debt and economic power

01 December 2020
The Covid-19 pandemic has caused an enormous jolt to the world economy. We are in the midst of the biggest global slump since the Great Depression of the 1930s.

Rich rats deserting sinking yachts for sealed bunkers

16 November 2020
Not content with hiding away on private islands, the super-rich are now buying exclusive services to rescue them from pandemics, protests and climate catastrophes.

Jobs still at risk despite furlough extension

05 November 2020
Tory chancellor Rishi Sunak has announced that the furlough scheme will be extended across Britain until the end of March.

Protesting at Tory scum who deny children food and destroy jobs

24 October 2020
Protesters have taken to the streets over the decision to deny children free school meals and to end the furlough scheme

Greensill cashes in with your cash

13 October 2020
Greensill Capital has recently provided tens of millions of pounds of British government-guaranteed loans to two companies that employ just 11 people.

European economies are headed for crash

05 October 2020
The political disarray the pandemic is causing in Britain and the United States has made the European Union (EU) look good by comparison.

Donald Trump’s four years of horror

05 October 2020
Isabel Ringrose looks at Donald Trump’s four years in the White House, and examines the way in which his every move has been met with a fight from below

Resist the drive for profit that is killing us

29 September 2020
Capitalism keeps a tiny minority of people rich off the back of work that is done by the vast majority of people.

People Before Profit launch emergency jobs programme

26 September 2020
Labour MPs, trade unionists, campaigners and socialists have joined forces to call for a “fightback across workplaces and communities to demand ordinary people won’t pay for the crisis”.

Workers in grip of the economic crisis speak out—millions face jobs misery

19 September 2020
With the future of the government’s furlough scheme in doubt, and with hundreds of firms axing jobs, a wave of fear is spreading

Misery for workers as hundreds of thousands to lose jobs 

14 September 2020
Unemployment will be the worst “in at least a generation” by the autumn as Tories and bosses try to make workers pay for the coronavirus crisis. 

This is a crisis of capitalism, not virus lockdowns

01 September 2020
As millions of people fear for their jobs, bankers and bosses celebrated a bonanza on the stock market.

£563,000 to consultants for six weeks work on ‘narrative’

25 August 2020
Consultants McKinsey was paid more than half a million pounds by the British government for “six weeks of work” to decide the “vision, purpose and narrative” of a new public health authority in England.

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