It has often been stated that the correctness of Marxist theory – in its ability to predict the general course of development within the economy and society – demonstrates the superiority of foresight over astonishment. Never has this been better demonstrated than by the events of the current crisis, which has left the ruling class flailing blindly in search of an explanation or a solution.

After five years of decline and stagnation, a sudden economic spurt has raised hopes of recovery in Britain. But the UK cannot be viewed in isolation. It is part of the world crisis of capitalism. Rob Sewell, editor of Socialist Appeal, looks at the real state of the British economy and discusses the false optimism of the capitalists.

The world economy has been mired in a deep crisis since 2007. The bourgeoisie have tried everything to climb out of the crisis, from quantitative easing, to zero interest rates, to the socialization of banking losses, but all to no avail. Luca Lombardi of the Italian Marxists Falce Martello asks: why is it that a modern-day version of Keynesianism cannot work?