GameStop and Investor Activism: The Real Story is the Dead-End of Capitalism

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"This is for you, Dad. · I remember when the housing collapse sent a torpedo through my family. My father's concrete company collapsed almost overnight. My father lost his home. My uncle lost his home. I remember my brother helping my father count pocket change on our kitchen table. That was all the money he had left in the world.

The Trump Era is Over, Now it's Time for Biden

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The recent change-over in the White House will not lead to major changes in American politics. On the domestic front the moderate Biden will be forced to concede something to keep his electorate quiet, but in foreign policy very little new will be produced by the new Democratic president. · The arrogant old tenant of the White House was obliged to pack his bags and go off to play golf at some of...

No Future Without a Fight

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Back in 2012 the concept of a "graduate without a future" briefly entered the zeitgeist. Paul Mason was among its key proponents, finding a commonality between the Arab Spring, the anti-austerity movement in Greece and the student protests in the UK: a social strata of young educated people with no prospects who became the driving force of opposition to the "system".

Paltry Returns on Capital and an Enormous Debt Pile Are Bringing the World Economy to its Knees

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(The following piece is a slightly condensed translation of the Italian original, published in the January edition of Battaglia Comunista, journal of the ICT’s founding section in Italy.) · On top of the economic disruption and health service shortcomings that have been put in the spotlight, the pandemic crisis has intimately linked two factors deliberately kept separate by the capitalist press...

100 Years Since Livorno

People: 
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(In January 1921, more than three years after the October Revolution in Russia, some two years since the murder of Rosa Luxemburg and Karl Liebknecht in Berlin at the behest of the German Social Democratic Party, and in the aftermath of two wasted years of workers’ factory occupations in Italy itself, the intransigent revolutionaries in the Italian Socialist Party (PSI), led by Amadeo Bordiga,...

Wealth Tax: Expropriation of the Rich or Capitalist Smokescreen?

Regions: 
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Part One · A spectre is haunting Europe: the ‘Wealth Tax’ (known in Italy as the Patrimonial). This joke sums up what has now become a stock demand of so many of the "left", both inside and, above all, outside parliament and not just in Italy. By definition, a wealth tax is a form of taxation aimed at the rich, particularly the very rich, via a progressive rate that increases with the level of...

Storming of the Capitol: The Working Class Has its Own Battles to Fight

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(Statement of the Internationalist Communist Tendency) · The picture we’re getting from the US is shocking and serious. The formal institutional events are the least important. Only two things matter. The first is that, even knowing that there’s no possibility of invalidating the election, Trump has fully mobilised the worst of the American reactionary world which has always seen him as the strong...

Party and Class in 1918: Vladimir Sorin on Soviet Power

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The translation which follows is our latest offering from the pages of the Left Communist journal Kommunist 4 which appeared in June 1918.(1) The writer is the 25 year old Vladimir Sorin.(2) Less is known about him than many of the other contributors. Robert Daniels does not mention him at all in The Conscience of the Revolution whilst Ronald Kowalski in his The Bolshevik Party in Conflict: The...

New Year, Same Crisis

Regions: 
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The COVID-19 pandemic has left the entire working class living with a new level of uncertainty. There have now been cases reported on every continent after researchers and military personnel on Antarctica recently reported their first cases. As of 29 December 2020, there have been over 81.2 million COVID-19 cases and 1.77 million deaths.

An Introduction to the Work of the CWO and ICT

Facts: 
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(The article which follows is a transcript of an introduction to an online meeting of CWO members and sympathisers on 21 November 2020.) · What Distinguishes the ICT? · The world is full of organisations claiming to be revolutionary, communist or even internationalist. The majority of these have a theory and practice that we would not recognise in any of those categories.

Vladimir Smirnov's Contribution to the Debate on the Soviet Economy

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This is the first signed article by Vladimir Smirnov in the Kommunist project. It appeared in issue 4 in June 1918. Smirnov was of the same revolutionary generation as fellow Kommunist contributors Bukharin and Ossinsky whom he met at Moscow University. Joining the Bolsheviks in 1907, he distinguished himself in 1917 by leading the artillery assault on the Kremlin and forcing the officer cadets...

Malignant Ulcers of Capitalism: The Proletarian Struggle for Reproductive Freedom (Part 2)

Politics: 
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In our first part ( on reproductive struggles in class society, we highlighted some of the facts and dangers surrounding abortion and contraception. We also commented on the family unit and prostitution – two phenomena Marxists deem to be flipsides of one another and inseparable from the struggle for reproductive freedom.

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