Vincent 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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This is a revised copy of flyer distributed at the Peoples’ Social Forum in Ottawa, August, 2014. Global Warming is Real Across the world, people and environments are feeling the impacts of Global Warming – with increased flooding, storms and droughts. In 3 years (2011 & 2014), Manitoba has been hit by 2 floods, each […]
Continue ReadingDanny Byrne is a member of the Committee for a Workers’ International. Ireland was no exception to the general rejection of pro-austerity governments in the European elections. Three sets of elections took place on 23 May: Local elections across the country; European elections and two by-elections to the Irish parliament. These were the first nationwide […]
Continue ReadingCommittee for a Workers’ International is a member of Interview with Andros Payiatsos, Xekinima (CWI in Greece). From the outside, it can appear there’s a certain pause in the struggle in Greece. Is this true? There is a certain lull in the movement, compared to the titanic battles particularly of 2011, but there is no […]
Continue ReadingNeoliberalism’s purpose is to shift the balance of money and power away from the working class and to the rich and their corporations. One of the strategies to achieve that goal is the weakening of the bargaining power and the working conditions of working people. Alongside the rise of automation, outsourcing, downsizing, and clawbacks of […]
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