Tag Archives: financial crisis

The capitalist crisis

Manchester CS public meeting 6pm, Thursday 29th September Cameron Committee Room on 3rd floor of MMU What began with a 'few bad apples' in the finance sector has been revealed as a full-blown crisis of global capitalism, and the working class is being made to pay. What are the particular features of this crisis, and how can communists ...

Mounting problems, no solutions

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The G20 will not agree on anything substantial, reckons James Turley, but the left has problems too As most on the left will be aware, the G20 - an inter-governmental group comprising representatives of 19 economically powerful countries, with an extra slot for the European Union - meets on April 1. This is a routine meeting, but ...

Crisis cannot be offloaded

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James Turley writes that we need an internationalist response to the capitalist crisis When the present economic crisis first began to bite, the bourgeois press - and the left - used up a lot of ink discussing how deep it would turn out to be. Would it be as bad as the 1997 Asian financial collapse, ...

Just not cricket- or business as usual?

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James Turley examines the unravelling Stanford fraud affair When he first entered British consciousness in any serious way, Allen Stanford was hard to miss. Here was a Texan billionaire, ostentatiously arriving in a monogrammed helicopter to discuss - of all things for a Texan billionaire - a sponsorship deal with the England and Wales Cricket Board ...

Workers in the front line

Occupied factory in Chicago

The bailout package for the big three car manufacturers in the US is stalled -for now, writes James Turley The economic crisis continues to deepen, particularly in the country at its epicentre, the USA. On December 12, the US Senate failed to pass an emergency bail-out fund of $14 billion, billed as a “bridging loan” to ...

Brown’s recovery and the global downturn

Ted North examines the new-look, progressive, Keynesian Brown Whilst it is typical media hyperbole to claim that Gordon Brown has a “new-found status as a global financial leviathan”, it is clear that major political changes are afoot (Sunday Herald November 10). An end to the troubles and downward spiral of the Labour Party seemed unlikely just a ...

Cardiff Socialist Forum meeting report

CS member Carey Davies reports Cardiff Radical Socialist Forum met last week to discuss the 'credit crunch', the economic crisis and the tasks of the left amidst the coming instability. Eleven people showed up, CPGB/Communist Student members and sympathisers being the biggest single group, along with three Permanent Revolution members and two international students. Permanent Revolution's Keith ...

CS educational on the economic crisis

Capitalism fails again

What are the causes of the current crisis, and how should communists respond? CS member Chris Strafford will be presenting his take on the depression, and we will be discussing how to understand, explain and agitate around the current crisis of capitalism. All welcome. Starts 10:30am, Sunday 2nd November. Central London. Venue TBC. Contact Ben for more info: ...

Labour and the return to Keynes

Brown: managing capitalism

James Turley examines the 'Brown Bounce' Back when Gordon Brown assumed the reins of government in 2007, Labour’s poll ratings shot up. He was, after all, replacing the by then almost universally reviled Tony Blair; he had under his belt a decade as an apparently competent chancellor and a cryptic reputation for being to the left of ...

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