Wolverhampton: Capitalism kills! Looking for an alternative?
On
Wednesday April 16th our second meeting of students trying to set up a
Socialist Society at the University of Wolverhampton took place.
News and analysis
The latest news and analysis from The Communist, alongside reports of our activity. For Marxist theory and history, click here.
Don’t let the Tories back
They’re back from the dead. We thought we’d driven a stake
through their rotten hearts in the Labour landslide of 1997. Now they’re 13
points ahead in the polls. They should be history. So why are they making a
comeback? Because New Labour have been rumbled. They said they were being
prudent with the economy. They talked about, ‘no return to boom and bust.’ Now
we can see that they were just lucky. Don’t
let the failure of New Labour be the opportunity for the Tories. Reclaim the
Labour Party. It was set up as our party, as a party for the working class.
Fight the Tories with socialist policies.
Heathrow – it’s terminal
The government is pushing plans for a third runway and a sixth
terminal. The fifth terminal will open soon. The fifth terminal on its
own is the third biggest airport in Europe. When the go-ahead for a
fourth terminal was given in 1979 Glidewell, the Chair of the Inquiry,
stated, "In my view the present levels of noise around Heathrow are
unacceptable in a civilised society." Right first time. The fourth
terminal was given the nod on the grounds that that was it. No fifth
terminal. Ever. It seems all governments, not just the present one, are
terminal liars.
Accountants: save capitalism by changing the rules!
The Financial Times has reported a debate among accountants
about giving a ‘fair value’ to company assets.
What does this mean? As we know, finance capital has a slight problem at present.
Banks, hedge funds and other financial institutions have assets on their books
that they have found out are actually not worth as much as they thought when
they paid for them.
EADS – towards a trade war?
Two giant firms employing two of the most brilliant teams of workers on
the planet could be helping to make the world a better place. Instead
they are producing killing machines. That’s capitalism for you.
Instead of co-operating, they are squabbling over market share. As Karl
Marx said, “It’s one thing to share out profits and quite another to
share out losses.” Could this be the start of a trade war?
Chavez re-nationalises SIDOR – historic victory for the workers
After the cement industry, now Chavez has nationalised SIDOR
with its 15,000 workforce. This has come about thanks to the pressure of the
SIDOR workers who were able to contact Chavez directly. The decision is a
correct one. It must now be followed by a general nationalisation of the
commanding heights of the Venezuelan economy and finally complete the
revolution.
Race and Class: No lie can live forever
Today marks 40 years since the assassination of Dr. Martin Luther
King Jr., shot in the face on the 2nd floor balcony of the Lorraine
Motel in Memphis, Tennessee. James Earl Ray was imprisoned for the
assassination, though never granted a trial for his murder. Given the
US government’s targeting of radicalised black leaders at this time,
whoever pulled the trigger did the state’s dirty work for them. The
King family never accepted Ray was responsible.
Report: Socialist Youth Network conference 2008
On Saturday the 29th of March the Socialist Youth Network
(SYN) held its 3rd annual conference at the ULU building near
Euston. The Socialist Youth Network is the youth wing of the Labour Representation Committee (LRC), the left wing of the Labour Party led by John McDonnell. Youth comrades from Socialist Appeal attended the meeting reported here.
Boris the Menace
It is easy to write off Boris Johnson as a buffoon. There is
a real danger he will be running London, a city of 7½ million people in a
couple of months time. Make sure Johnson is not made London’s Mayor in the May
1st elections. As Compass points out, “his buffoonery conceals a
hard line right wing set of views – a type of Norman Tebbitt in clown’s
uniform. The quotes below are taken from their pamphlet Boris Johnson – a man of the Tory hard right.
Vote Livingstone for Mayor – Socialist policies for London
May 1st, May Day, will see one of the tightest and most important
elections to hit London for some years. The election of London Mayor is
being hotly contested between Ken Livingstone for Labour and Boris
Johnson for the Tories.
A Short history of Inflation
The nineteenth century was an era of price
stability. It was also the age of the gold standard. Inflation can have many
triggers, but it always involves an increase in money emissions at some point
in order to give expression to higher prices. It is difficult to increase the
money supply quickly if you have to mine precious metals, so runaway inflation
just didn’t happen back then. The government can’t really control inflation.
Now it’s back!
