The permanent slump – an organic crisis of capitalism

It has often been noted that the serious bourgeois analysts frequently arrive at the same conclusion as the Marxists, albeit with a slight delay. Nowhere has this aphorism been more aptly demonstrated than in a recent article by Paul Krugman, the Nobel prize-winning economist, entitled “A Permanent Slump”.

Haunting inequality worldwide

Despite the international corporate media’s relentless propaganda, the gap between the haves and have nots is continuously increasing on a global scale. In spite of what they would like us to believe, what we have before us is a transfer of wealth from the poorer countries to the richer on a scale never seen before in history.

USA: Ruling Class Divisions Deepen

The worldwide crisis of capitalism is leading to a deep questioning of the structures, institutions, politicians, and parties of bourgeois society. From Greece to Italy, Brazil to Turkey, Egypt to Iran, the consciousness of the masses is undergoing a profound transformation. This is not a linear process, and is not automatically and directly reflected in all countries at the same time.

Genetically-modified food: For human need or corporate greed?

The development of genetically-modified organisms (GMO) has opened up whole new possibilities for improving the nutrition of humanity. For the first time, humans are able to genetically engineer species or organisms by transferring DNA between totally different organisms, potentially allowing for food to be grown in harsher climates, for example, or for existing crops to yield more food. However, under capitalism, GMOs are being abused by large agro-corporations, such as Monsanto, to maximise shareholders’ profits at the expense of ordinary people around the world.  Instead, GMOs have reduced the safety and security of the food system for billions of people. What is a working-class approach to confronting the problems of GMOs and food security?

Australia: Liberal-National coalition wins government – Labor’s vote at lowest in over 100 years!

 

In last week’s elections the Australian Labor Party (ALP) suffered a historic defeat, with its lowest primary vote since 1903, at just 33.8 percent. In 2007 the ALP won 43.4%, but since then there have been six years of Labor governments, first under Rudd and then Gillard, in which the working class saw the party they had voted for implement policies demanded by big business while real wages stagnated.