In this talk from REVOLUTION 2015 – hosted by the Marxist Student Federation in London in June – Adam Booth, editor of www.socialist.net, explains the historical origins, evolution, and development of money, banking, and the modern financial system under capitalism. What is the socialist alternative?
Over the past few weeks international media have reported on growing tensions and daily violence escalating in Palestine and Israel. These attacks are not organised by any of the Palestinian factions but are clearly a symptom of the desperate rage of a layer of Palestinian youth against the asphyxiating stranglehold of the Israeli state.
Since the 1930s a dominant trend has existed within the scientific community that explains quantum mechanics with all kinds of idealistic and mystical interpretations. Now, however, unexpected discoveries in the field of fluid mechanics has the potential to reaffirm a dialectical and materialist explanation for these scientific phenomena.
The real implications of the Tory plan to cut tax credits for low paid workers are starting to hit home. Even some Tory MPs are starting to worry about the impact these cuts will have, likening them to Thatcher’s Poll Tax in terms of public opposition.
Tata, the giant Indian-owned conglomerate, has announced the closure of its steel plants in Britain, with a resultant 1,200 jobs to be cut. This latest episode in the crisis of the British steel industry is yet another stark reminder of the decrepit nature of British capitalism and of the contradictions within the wider world economy.
The UK steel industry has again been plunged into further crisis following the latest announcement of an expected 1,200 jobs to be cut at Tata Steel in Scunthorpe and Scotland. The Tories, meanwhile, are crying crocodile tears as the British steel industry’s crisis continues, threatening thousands of jobs across the country.
Corbyn rode to victory on the back of a grass-roots rebellion that shook the Labour Party from top to bottom. His anti-austerity message took the party by storm. The Corbyn movement has sweep aside the old order of things. The Pandora’s Box is open. Radical socialist policies are now back on the agenda. But the job is far from finished.
On Saturday 17th October, over 20,000 marched in London to protest against the government’s changes to junior doctors’ contracts. The mood was one of extreme anger against the government, and Jeremy Hunt in particular. The British Medical Association must harness this mood to defend the NHS against Tory attacks.
On 23-25th October, the UCLU and SOAS Marxist societies in London will be hosting a weekend festival of revolutionary ideas: Red October! See here for a full schedule for the weekend, and buy your ticket today!
Emily Cosentino and Joe Attard of the Labour Young Socialists’ steering committee discuss the programme and demands that are needed in order for the Corbyn-led Labour Party organise young people and workers in the fight against the Tories, against austerity, and against capitalism.
In order to harness the energy of the Corbyn leadership campaign, left-wing Labour MPs and other Corbyn supporters have announced the launch of “Momentum”. However, this new radical group within the labour movement has rattled the right-wing, who are afraid of the power an organised left-wing movement might have.
In recent weeks, thousands of junior doctors have been drawn into the political arena and joined the class struggle, as they fight back against Tory attacks to their terms and conditions and organise to defend the NHS. Protect the NHS! Support the junior doctors!