Socialist Worker

Economic crisis


Rising markets are sign of deep malaise

04 November 2014
Faced with disaster on almost every front, David Cameron and George Osborne are desperately talking up the British economy. 

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.

Desperation in Detroit: ‘There’s so much tension, something’s going to explode’

23 September 2014
People in Detroit face a desperate situation as creditors circle—but their fury has also pushed some to resist, reports Judith Orr

Far right threat looms over Europe as its economy stagnates

16 September 2014
Panos Garganas argues that fighting the fascist Golden Dawn in Greece must go hand in hand with fighting against austerity

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

Insurgents seize cities as crisis in Iraq grows

17 June 2014
Renewed fighting in Iraq threatens to push the country into a new sectarian hell, writes Simon Assaf

Super rich double their wealth under the Tories - Make them pay for the crisis

13 May 2014
The number of billionaires living in Britain has risen to more than 100 for the first time.

Piketty's theory of capital - strengths and weaknesses

13 May 2014
Thomas Piketty’s new economics book Capital in the 21st Century has become a bestseller. Alex Callinicos, author of the forthcoming Deciphering Capital, examines why

Claims of economic recovery and China's growth don't live up to hype

06 May 2014
Much recent economic news around the world is best described as smoke and mirrors. It’s true that there is some real evidence that advanced economies are starting to recover from the Great Recession of 2008-09. 

Strikers mock claim that Greek financial crisis is at an end

15 April 2014
Workers across Greece walked out in a general strike on Wednesday of last week which was followed by a very big march to the parliament in Athens.

Greek left meeting on economic crisis

25 March 2014
Antarsya uk was set to host an open meeting on crisis and the European Union this Saturday.

Tory spin of a ‘recovery for all’ is far from reality

28 January 2014
Millions reeling from wage freezes and benefit cuts won’t fall for David Cameron’s figures, writes Judith Orr

Recovery runs into a new currency crash

28 January 2014
The corporate rich, along with their celebrity hangers-on and intellectual apologists, had their annual bash at Davos in Switzerland last week. They should have been starting to feel happier.

Tory recovery is another debt boom

03 December 2013
George Osborne's Autumn Statement on Thursday of this week is no doubt set to continue the tactical adjustments that a coalition that is fundamentally on the defensive has been pursuing.

What George Osborne's visit to China tells us about Britain's economy

22 October 2013
The British business delegation to China headed by George Osborne and Boris Johnson was more interesting than these things usually are. Chinese people still have bitter memories of imperial arrogance during the colonial era. So, if they noticed the visit at all, they must have been amused by Britain hustling for Chinese custom.

Capitalism is still a badly wounded beast

15 October 2013
While expressing greater optimism about British prospects, the IMF cut its forecasts for global economic growth this year and next. This isn’t primarily because of the uncertainty caused by the standoff between Barack Obama and the Republicans in Congress in the United States, writes Alex Callinicos

US budget crisis can lead to a new slump

08 October 2013
Once again the United States is shutting down government services because of a confrontation between president Barack Obama and the Republicans in Congress.

Recovery plan ties Labour to more cuts

24 September 2013
The party conference season often means political themes come in waves. The political consensus previously foresaw a bleak election, dominated by the need for £40 billion of post-election cuts or tax rises to correct Britain’s deficit.

Osborne's rotten recovery

10 September 2013
This week Tory chancellor George Osborne proclaimed the British economy is in "recovery". However, the grim reality for many in Tory Britain is unemployment, low pay, pensioner poverty, and an ever?growing class divide.

Tories' class war—march in Manchester Sunday 29 September

10 September 2013
The government is waging war on workers and the poor—but their rich mates are booming Socialist Worker provides a few reasons to demonstrate at the Tory party conference

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