Capitalism's New Economy: The Value of Capitalist Services

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This second article in our series examines what is meant by ‘services’ and their apparently key role in the richest capitalist states where moving away from production of commodities is regarded as essential to economic advancement. Indeed, despite the setback of the 2007/8 financial crash, World Bank figures show that ‘services’ represent a higher proportion of GDP for the world economy as a...

Capitalism's New Economy: The Case of the UK

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The article here, the first in a series on what was then dubbed the "new economy", originally appeared in the CWO's political journal, Revolutionary Perspectives, in 2005. After thirty years or so of economic crisis, a crisis that still haunts capitalism today and which more than ever threatens the future of humanity, the US and its advanced capitalist allies had managed to offload much of...

Sudan: The Dictator Goes but the Regime Lives On

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Since December last year Sudan has been seething but it now looks like the Army have reasserted control. What started as bread riots last December, in the historic working class city of Atbara, transformed itself into a campaign of mass civil disobedience. In a country where 60% of the population are under 25 and 27% of these are unemployed it is not surprising that they should be in the vanguard...

The Attack on Two Oil Tankers in the Gulf of Oman

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On the morning of June 13, two oil tankers were attacked in the Gulf of Oman. One was the Front Altair, owned by the Norwegian company Frontline, but flying the flag of the Marshall Islands. It was carrying a cargo of ethanol from Qatar to Taiwan. The second was the Kokuka Courageous of the Japanese company, Kokuka Sangyo, flying the Panamanian flag which was carrying methanol from Saudi Arabia...

Italy: The Failure of the “Populist” Coalition

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For those who think that the political and economic incompetence of our rulers is confined to the Anglo-Saxon states the following article from our Italian comrades, written just before the European elections, only underlines the same sorry story for Italian capitalism. The salient fact is that there is no viable capitalist solution to the global economic crisis which continues to bring only...

Teesside Construction Workers Challenge the State

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On Thursday 30 May construction workers at the Tees Renewable Energy Plant, owned by MGT Power, walked out in a wildcat action over safety conditions at the site. When workers act on their own class terrain they begin to challenge the capitalist structure as a whole. · A safety incident seems to have initially sparked the protest.

Iran and the USA on the Warpath?

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When the leaders speak of peace · The common folk know · That war is coming · When the leaders curse war · The mobilisation order is already written out. · Bertolt Brecht in German War Primer (1937) · When does a war of words become the words of war? It’s always difficult to say, but if Brecht is right we should be very worried right now.

Brexit or Remain: A Choice of Tripe at the End of May

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The crisis in the capitalist party political system has become even more acute during May. Two sets of election results have shown that the Labour v Conservative Punch and Judy show has, at least for the time being, lost its ability to call all the shots. · The Council Elections in May saw the two big parties lose seats and majorities in numerous Councils.

ANC: The Chosen Party for South African Capitalism

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The victory of the ANC in the South African election has yet again shown it is the capitalists’ chosen party for running South African capitalism. Its primary role is organising and enforcing the exploitation of the working class even when this means downing strikes in bloodshed as we saw at Marikana in 2012.

1980-1: Class Struggle in Poland

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As a follow up to our recent article about Solidarność (see: we are republishing three of the leaflets that the CWO and Battaglia Comunista distributed in 1980-1 among workers in Britain, Italy, France, and the USA on the events unfolding in Poland. · Lessons of the Class Struggle in Poland · International leaflet issued by CWO & Battaglia Comunista · The biggest class battles of the last ten...

Solidarność: Trade Unionism or Self-Organisation?

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Political and economic crises led to the dissolution of the Eastern Bloc. The downturn in the post-war accumulation cycle, the Cold War, the USSR’s disastrous intervention in Afghanistan, as well as the popular revolts in Central and Eastern Europe all played a role. But it is the class struggles of 1980s Poland to which we turn our eye here.

Twenty Years of the National Minimum Wage

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2019 marks the 20th anniversary of the National Minimum Wage. The first minimum wage, brought in by the Liberal government as part of a programme of reforms between 1906-1914, only applied to certain groups of very low-paid workers. The idea was to both undermine the young parliamentary Labour Party and bind it to the Liberals (which it did) and ward off the mounting militancy of the working...

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