Socialist Worker

Economic crisis


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.

A class divided by money and power

10 September 2013
THE G20 summit has been dominated by the divisions among the Great Powers over Syria. The line-up has been predictable. A joint statement signed by the US, Britain, France, Australia, Canada, Italy, Japan, South Korea, Saudi Arabia, Spain and Turkey called for “a strong international response” to Bashar al-Assad’s alleged use of chemical weapons.

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

Britain's 'boom' is small, shaky and built on sand

13 August 2013
Simon Basketter finds the claims of economic recovery an unconvincing mix of exaggerated figures, mounting debt and another property bubble brewing

Economic crisis - there's no recovery for workers

06 August 2013
"UK economy bounces back” trumpeted the Financial Times’ front page on Tuesday of this week. 

Coalition keeps us in a cycle of crises

30 July 2013
Sometimes the witlessness of the Guardian surpasses all understanding. Last Saturday it carried an article explaining why, after the Office for National Statistics announced that Britain’s economy grew by 0.6 percent in the second quarter of 2013, “The future looks bright for Osborne”.

Will Detroit disaster lead to new revolts?

23 July 2013
Detroit, I Do Mind Dying, by Dan Georgakas and Marvin Surkin, paints a marvellous portrait of a great industrial city pulsating with working class revolt.

Coalition on the edge as new strikes hit Greece

16 July 2013
Mass strikes and economic crisis have got Greece’s government on the run, writes?Panos Garganas

G8 rehashes failure

25 June 2013
Heads of state from eight of the world’s biggest economies met at the G8 summit in Northern Ireland last week.

The markets panic as central banks try and remove support

25 June 2013
Global stock markets plummeted on Thursday of last week, as the US Federal Reserve revealed plans to scale back its programme of printing money.

Tokyo tumble shows crisis far from over

28 May 2013
The financial markets have been behaving recently as if the 2008 crash was merely an unhappy memory, of no relevance to the present. 

Does debt drain the economy?

21 May 2013
The government has spectacularly failed in its mission to reduce the deficit. Dave Sewell shows that even if it achieved its aim it would do nothing for ordinary people

If I use an umbrella, will it lead to rain?

23 April 2013
One of the many puzzles about the economic crisis is that people still listen to economists after they failed to anticipate the financial crash of 2007-08, writes Alex Callinicos.

Tories in crisis allow chance of left revival

05 April 2013
Totally marginalised under Tony Blair and Gordon Brown, the Labour left has been one of the driving forces behind the swelling protest movement against the bedroom tax, writes Alex Callinicos

Cameron can't spin his way to economic recovery

30 October 2012
David Cameron boasted last week of ending Britain’s double dip recession. But behind the fanfare, the facts are as grim as ever.

Portugal: mass protests against IMF

14 February 2012
More than 300,000 demonstrators took to the streets in Portugal last Saturday to take part in the country’s biggest mass protest for decades.

New job cull

17 January 2012
Premier Foods announced 600 job cuts this week—

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