Capitalism's New Economy: The Booming Financial Sector

Publications: 

Part three of this series was published in 2005, two years or so before the great financial crash when the economic pundits were lauding the move away from manufacture to 'business and financial services'. In 2008 the banking and wider financial bodies were saved and the appearance of capitalist 'normality' maintained only by the concerted injection of gargantuan amounts of...

The Drums of War in the Gulf

Regions: 
Basics: 

The article which follows is taken from the new edition of Revolutionary Perspectives (#14) which is just out. It was obviously written before the events which followed the British Navy’s seizure of the Iranian tanker, the Grace 1, off the coast of Gibraltar, but the substance of the analysis has not changed.

Thunberg's Call for General Strikes: The Confusions of a Liberal Protest

Politics: 
Publications: 

On May 23rd Greta Thunberg and 46 other spokespeople for the Youth Climate Protest (YCP) issued a statement before their latest day of action. At the heart of the statement was an "invitation" which we quote in full to accurately reflect its content. · YCP's statement reads - "Starting on Friday 20 September we will kickstart a week of climate action with a worldwide strike for the climate.

Capitalism's New Economy: The Value of Capitalist Services

Publications: 

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

Publications: 

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

Regions: 
Publications: 

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

Regions: 
Basics: 
Publications: 

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

Regions: 
Publications: 

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

Regions: 
Publications: 

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?

Regions: 
Basics: 
Publications: 

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

Politics: 
Publications: 

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

Regions: 
Publications: 

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.

Pages

Contact us

info@leftcom.org

Subscribe to Front page feed