Economy

This weekend marks a decade since the start of the financial crash that ushered in the deepest crisis in the history of capitalism. 10 years on, there is no hope on the horizon under capitalism. We need a revolution.

Amidst all the scandals and crises ensnaring May and the Tories, the latest economic figures are yet another cause for anxiety and distress for the Prime Minister.

Leading member of the capitalist establishment says: Marx was right! A decade on from the beginning of the crisis, the ruling class is increasingly worried.

Our online lives are dominated by a handful of monopolies. It’s time to expropriate the tech oligarchs.

The whole rotten system of outsourcing is collapsing. Parasites like Capita, G4S, and Serco should be nationalised.

One decade on from the financial crisis, Niklas Albin Svensson examines the precarious state of the world economy today. Another deep slump is being prepared.

In the last week, Trump announced his intention to raise tariffs on steel and aluminium imports, threatening to start a dangerous trade war with the rest of the world. This could plunge the world economy into another deep slump.

Billionaire Elon Musk hit the headlines earlier this month with the launch of his company’s Falcon Heavy rocket. But this “proof of private sector efficiency” is in fact another demonstration of how parasitic the profit system is.

Rob Sewell analyses the turbulence on the stock market over the past week, which has destroyed any illusions in the global economic ‘recovery’. This latest collapse is a harbinger of a new world slump.

In this editorial from the latest issue of Socialist Appeal, Rob Sewell explains the significance of Carillion’s collapse. The market and privatisation have failed. In the words of John McDonnell, the shadow chancellor, “the system isn’t working”.

Erin Maniatopoulou of the Norwich Marxists comments on the latest inequality figures from Oxfam, which left the Davos elite at the World Economic Forum without any defence for the rotten system they represent.

The collapse of Carillion has come as a shock to the company’s workers and the public who rely on its services. But it seems that Westminster politicians and City bankers were fully aware of the dodgy dealings going on at the construction and outsourcing giant. The failed firm is a damning indictment of the parasitic capitalist system.