Socialist Worker

Economic crisis


Liberals do not have any answers to crisis

Liberals do not have any answers to crisis Ten years after the collapse of Lehman Brothers, it’s a matter of controversy whether the global economic crisis it helped to precipitate is over.

Ten years from Lehman Brothers—The day the system nearly collapsed

Ten years from Lehman Brothers—The day the system nearly collapsed When US banking giant Lehman Brothers collapsed a decade ago, it marked the beginning of a gigantic crash that bosses still want us to pay for today.

Falling budget deficit means little to those at the bottom

Falling budget deficit means  little to those at the bottom Sarah Bates argues that Tory boasting about reducing the deficit does not tell the real human cost behind austerity

Syriza signs up for decades more austerity as final bailout deal ends in Greece

Syriza signs up for decades more austerity as final bailout deal ends in Greece Greece exited its final bailout agreement on Monday—the mechanism through which the European Union (EU) and the bankers have forced austerity on ordinary Greeks.

Games of the stock market

Games of the stock market Last week's fall in financial markets shows up the volatility of the system and Tomáš Tengely-Evans looks at how investors will treat anything as a commodity to be gambled

Panic after big slump on stock markets

Panic after big slump on stock markets Fear gripped the ruling class as US stock markets haemorrhaged £1 trillion overnight on Monday.

The great PFI swindle

20 January 2018
It’s a long way from the partly built 40-mile £750 million Aberdeen bypass, work on which has been routinely delayed, to the £4 billion luxury development in Doha, Qatar.

We will need sterling resistance to stop the bosses’ sabotage

29 September 2017
It’s not a paranoid fantasy to argue that parts of the establishment want to derail the left wing Labour leadership’s plans.

Fat cats rake it in—make them pay out

08 August 2017
Some newspapers last week reported that Britain’s top bosses have suffered a 17 percent pay cut. The real news is that the gap between bosses’ and workers’ wages is growing.

It’s the rich who have a ‘magic money tree’—and it needs shaking

06 June 2017
 The Tories grow endless cash for the bankers, bosses and their super wealthy friends

Banks lied over rates swindle

11 April 2017
Top bankers lied about their lending rates before the 2008 crash—and the plot went right up to the Bank of England.

Obama must take his share of blame

17 January 2017
Barack Obama departs the US presidency amid a cloud of praise and nostalgia.

Crisis gives more cream to fat cat billionaires

07 January 2017
For all their whining about Brexit, the rich have got richer, says Tomáš Tengely-Evans

Deutsche Bank— the profit unarmed

04 October 2016
Deutsche Bank has symbolised German capitalism ever since its foundation in 1870, on the eve of Germany’s unification.

G20 rulers can’t fix their failing system

07 September 2016
The G20 summit this week is a good test of the mood among the ruling classes of the world. It brings together leaders and central bankers from 20 major economies that collectively account for 85 percent of global production and 80 percent of world trade.

Bosses will use Brexit as excuse for more austerity and cuts - if we let them

28 June 2016
The global rich claim that last week’s vote to leave the European Union (EU) will cause economic catastrophe.

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

Private matters: How capitalism hides its filthy hoard

12 April 2016
There is an exclusive luxury ocean liner with tens of thousands of cabins. The “Panama papers” leak provides a porthole into just one of those cabins.

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

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.

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