Two years since the Egyptian revolution and we have seen many killed on the streets of Cairo in clashes between the revolutionary youth and workers and the Islamists of the regime. This is an indication of the situation as it stands today in the Arab world. The revolution brought down the Mubarak and Ben Ali regimes, but did not solve any of the underlying social problems that were the fundamental cause of the revolution. [A statement based on a discussion by the International Executive Committee of the IMT at its recent January meeting].

Continued from part one

At its recent meeting in January the International Executive Committee of the IMT discussed the situation in Europe, highlighting the growing level of class struggle on the continent as the effects of the austerity measures being applied everywhere begin to be felt by the workers and youth. We are publishing a slightly edited version of the points raised in the discussion.

The recent criminalisation case of comrade Sultoni Farras, a worker activist from Progresif Union and Sekber Buruh, who is being sued with “Unpleasant Action” law by the bosses, puts forward a question that at first seems petty but if we look further turns out to be quite fundamental in the workers’ struggle. This relates to the question of “pleasantness” and “unpleasantness”. (Note: in Indonesia, the word “pleasantness” can also mean “happiness”)

In this third part of the article on Keynes, Hayek and Marx, the author deals with the shortcomings of Hayek's economic analysis and shows the utopian character of modern Keynesianism. Only socialism can provide a positive way out of the present crisis.

In this second part of his article on Keynes, Hayek, and Marx Adam Booth deals with the limitations of Keynes' economic theory.

A recent BBC documentary series entitled “Masters of Money” examined the ideas of three historical giants in economics: Keynes, Hayek, and Marx. In this article, we compare and contrast their ideas in the context of the current crisis of capitalism, to see if any of these figures and their writings really do have the answers to solve the problems facing society today.

The Household Labour Force Survey, which is the official measurement of unemployment in New Zealand, reveals that the unemployment rate is 7.3% of the work force (or approximately 299,000 people).  Yet, the numbers of people on the unemployment benefit are around the 50,000 mark according to the Ministry of Social Development. 

As with the sites of production of other commodities, the sites of media production are simultaneously sites of struggle. Journalists and other media workers can and must struggle against the domination of capital over their professions and over humankind.

$6 billion and over a year of campaigning later, and it would appear that the status quo remains. Obama is still the president; the Democrats control the Senate; and the Republicans control the House of Representatives. On the surface, "nothing has changed." Taken at face value, this is correct. As we have explained many times before, both Obama and Romney are defenders and advocates of the capitalist system. Nothing fundamental was going to change no matter who won. However, looks can be deceiving.