In this epoch of capitalist crisis, it is only a short step from an amorphous striving for basic rights and modest reforms to drawing fully revolutionary conclusions. From the Greek referendum to Bernie Sanders’ campaign for president of the USA, it is clear that a process of radicalisation is taking place across the world, as people look for a genuine alternative to the status quo.

To add to the turmoil of Greece and the Euro Crisis, there is now the sudden collapse of the Chinese stock market, which has been so vast that even the mighty Chinese government is incapable of controlling it. The world economy is tottering, and these latest events in China are yet another sign of the diseased economic system that is capitalism. 

The deal imposed on Greece in the early hours of July 13 after an all-night Euro summit can only be described as a humiliating capitulation. Greece has basically given up sovereignty to the Troika. This deal will not work, but will create further political and economic instability, whilst exposing deep rifts within the European Union.