Year of the Monkey opens with economy in worst situation for decades As its factories restarted after the Chinese New Year holidays, China was facing its worst economic crisis in decades. The government’s official data do not give the true picture, maintaining the fiction of GDP growth of 6.9 percent in 2015. Even this represents […]
Continue ReadingThis is a historic development for our work in Canada. There are articles on the election, the economy, public services, environment and much more. A PDF of the magazine is here or you can order printed copies (pay via donate button on website): • 1 copy: $3.25 (including postage) • Orders of 10: $30 (including […]
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After nine years of Conservative government, most Canadians have many good reasons to want Harper and his party gone. The Canadian economy is officially in recession. However, for most Canadian workers this merely confirms what they already knew. As Canadian economist, Jim Stanford, noted: “Coming six years into a lacklustre recovery (the weakest since 1945), […]
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Stop Harper, Turn Left! Build a Voice for 99% Healthy Environment and Good Jobs Canada’s Unions: A Powerful force for Change Strengthen Public Services for All Canadians Education – A Basic Right Idle No More Calls for Action … and more For printed copies, please send us an e-mail to [email protected] Please consider making a […]
Continue ReadingVincent Kolo is a contributor to chinaworker.info. More than $5 trillion wiped off global stock markets in two weeks since Chinese devaluation “Black Monday” exclaimed China’s official news agency Xinhua as China’s stock market slumped 8.5 percent on 24 August. This triggered the sharpest falls on world stock markets since the 2008 financial crisis on […]
Continue ReadingStephen Harper, the Prime Minister of Canada, has centred much of his economic and political strategy on building Canada into one of the largest carbon exporters in the world. Even before the sharp drop in the price of oil, coal and natural gas, this strategy was damaging to other and more important parts of the […]
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Somewhere along the line, we’ve all heard these arguments in favour of capitalism: progress is based on competition, risk taking and innovation – capitalism encourages risk takers and rewards them; we might need state ‘enterprise’ for essential infrastructure like water and electricity but, in the area of new technology, the dynamism of the private sector will always […]
Continue ReadingVincent Kolo is a contributor to chinaworker.info. China’s economic slowdown already being felt throughout world economy “The most important number in the world, for the past 30 years and next five years, is China’s growth rate,” declared BBC Economics Editor Robert Peston. With a stream of data confirming a pronounced slowdown in the Chinese economy, […]
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Peter Taaffe is a member of the Socialist Party (CWI in England & Wales). Six years after the financial crash and economic slump, the world capitalist economy appears to be sliding towards a new downturn. The US is struggling through a feeble ‘recovery’. Germany and the eurozone seem to be edging towards a third recession. […]
Continue ReadingGabriela Sánchez is a member of Socialismo Revolucionario (CWI in Venezuela). At the end of October, in a national address to the nation, Maduro announced the discovery of two enormous warehouses of medical goods in Aragua state. While speaking, images were shown of row after row of towering shelves with everything from wheelchairs to needles […]
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