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Category: Economy

Capitalism and the pandemic: Why the system has failed

April 16, 2020 Manus Lenihan

Manus Lenihan is a member of the Socialist Party (ISA in Ireland). Covid-19 has utterly changed the political landscape. Just one month ago, rent freezes were deemed “unconstitutional.” Today a rent freeze is in force, along with a ban on evictions. The healthcare system has been massively expanded. Private hospital beds and facilities have been […]

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A New 1930s: Lessons for Workers and Socialists

April 5, 2020 Per-Åke Westerlund

Per-Åke Westerlund is a member of Rättvisepartiet Socialisterna (ISA in Sweden). “The shock to the global economy from COVID-19 has been both faster and more severe than … even the Great Depression.” That comment by economist Nouriel Roubini on March 24 indicates the growing possibility of global events entering an entirely new period. One way […]

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Coronavirus – capitalism and the state

March 27, 2020 Tim Heffernan

As the old saying goes, “It is difficult to make predictions, especially about the future.” While this statement contains a lot of truth, it should not blind us to the fact that some clear political tendencies are emerging from the coronavirus crisis. It is safe to say that one of the big political losers from […]

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The Coronavirus Recession Has Begun

March 19, 2020 International Socialist Alternative

This is a statement by ISA’s International Executive. Entering a deep crisis The coronavirus pandemic has infected hundreds of thousands and taken the lives of thousands. Most scientific and medical experts warn that the situation is bound to get far worse, with millions likely to lose their lives globally. This crisis has demonstrated both the […]

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Stock Market Freefall as Fears of Recession Mount

March 11, 2020 Per Olsson

Per Olsson is a member of Rättvisepartiet Socialisterna (ISA in Sweden). Largest market collapse since 2008 crisis The collapse on the world’s stock exchanges on March 9 was the largest since the beginning of the global capitalist crisis in 2008. The fall on the US stock market at opening time was so severe that it […]

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Workers Face False Choice: Jobs or Clean Air?

February 17, 2020 Eric Jenkins

Eric Jenkins is a member of Socialist Alternative in the US. Climate change is now an existential crisis for humanity. Forests around the world, from California to the Amazon, Siberia to Australia are enveloped by raging fires. Working-class communities in coastal cities such as Venice, Italy are seeing record levels of flooding that now call […]

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‘Phase one’ trade deal doesn’t end the US-China trade war

January 23, 2020 Vincent Kolo

Vincent Kolo is a contributor to chinaworker.info. 22 January 2020 Vincent Kolo, chinaworker.info Confrontation between the two biggest powers set to escalate The ‘phase one’ trade agreement signed by the US and China on 15 January does not mark the end of their almost two-year trade war. Even as a truce this one is only partial, […]

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Socialist Alternative Magazine #14

January 15, 2020 Socialist Alternative Canada

Climate Justice and Jobs Instability Rising Ontario Struggle Needed Where is Canada’s Women’s Movement? Hypocrisy to Indigenous Peoples No War on Iran 2019: A Year of Struggles Housing Victory … more from Canada and the World If you would like to order copy(ies) contact us at [email protected]

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Australia: Climate inaction and budget cuts fuel devastating bushfires

January 4, 2020 Jeremy Trott

Jeremy Trott is a member of Socialist Action Australia. Australia is in the grip of an extreme bushfire crisis. Record-breaking heat waves and months of drought have created the conditions for massive blazes across the country.  The scale of the fires is unprecedented, affecting every state on the continent. They are the largest bushfires ever […]

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Book Review: The Logistics Industry and the Case for Socialism

December 30, 2019 Kele Cable, Eli Fox

Kele Cable and Eli Fox are members of Socialist Alternative in the US.  People’s Republic of Walmart: How the World’s Biggest Corporations Are Laying the Foundation for Socialism By Leigh Phillips and Michal Rozworski Verso Books, 2019 Among the most common arguments conservatives hurl at socialism is that planned economies always fail. Typically capitalists argue […]

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