We publish here the latest part of a draft document by the International Marxist Tendency examining the world economic and political situation. In this third part, the document looks at the increasing tensions developing between the imperialist powers of the USA, Russia, and China, and analyses the seemingly-permanent crisis in the Middle East.

Heads are beginning to roll thanks to the Panama Papers. Unlike previous scandals, however, the Panama scandal potentially has serious political implications on a world scale. From Iceland to Peru, and from China to Britain: political leaders and the ruling class everywhere are now under serious threat.

We publish here the second part of a draft document by the International Marxist Tendency, which examines the political impacts of the crisis of capitalism, with a focus on the radicalisation taking place in the USA and Britain, and the ever-increasing tensions within the European Union.