Socialist Worker

Economic crisis


Britain is hurtling towards recession

07 October 2008
The financial crisis is spreading into the real economy and is set to hit already hard-pressed working class people even harder.

Planning our way out of economic crisis

07 October 2008
The crisis ripping through financial markets means that thousands of people are asking whether there is an alternative to the current system – and what that alternative might be.

Capitalism isn’t working

07 October 2008
This week our front page declares "capitalism isn’t working" – a subversion of the Tories’ 1979 "Labour isn’t working" election poster that reflected anger at growing unemployment.

Irish banks are smiling

02 October 2008
The collapse of Irish bank shares on Monday panicked the Irish government into announcing that they will guarantee the debt of at least six banks.

No bailout for banks - seize their profits!

30 September 2008
Would any sane person bail out a bank in order to take control of its debts but not its profits? No. Yet that’s exactly what George Bush, Gordon Brown and governments across the world are currently doing.

Panic and division hits US ruling class

30 September 2008
Karl Marx famously wrote that "the executive of the modern state is but a committee for managing the common affairs of the whole bourgeoisie".

Europe’s economies teetering on the edge

30 September 2008
Gordon brown and Alistair Darling are not alone in throwing good public money after bad private debts.

Slumps and struggle

30 September 2008
George Bush’s apocalyptic televised address in the US last week will have signalled the seriousness of this economic crisis – even to those not already aware of it.

Explaining the toxic crisis of capitalism - questions and answers

23 September 2008
Is this crisis over? Was it the result of a few rogue bankers? Is the world economy “fundamentally sound”? Could more regulation of financial markets stop this chaos? Or is this a crisis rooted in something more fundamental – the failure of the free market and capitalism itself?

Why should we pay for their mess?

23 September 2008
The world financial system went into meltdown last week as the collapse of the housing bubble in the US and Britain brought down banks on both sides of the Atlantic.

Another Wall Street crash?

16 September 2008
The bankruptcy of the fourth largest investment bank in the US, Lehman Brothers, has triggered fears of a wider banking collapse.

Build the resistance to the bosses’ crisis

16 September 2008
"There will be no ‘glad confident morning’ for free market principles for a long time to come."

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